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DEMIRE Deutsche Mittelstand Real Estate AG
Capital/Financing Update • Sep 18, 2017
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Capital/Financing Update
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News Details
Ad-hoc | 18 September 2017 08:21
DEMIRE Deutsche Mittelstand Real Estate AG intends to increase its unsecured fixed rate notes issued in July 2017 by an additional aggregate principal amount of EUR 95 million for refinancing purposes
DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Issue of Debt
18-Sep-2017 / 08:21 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
AD HOC RELEASE PURSUANT TO ARTICLE 17 MAR
DEMIRE Deutsche Mittelstand Real Estate AG intends to increase its unsecured fixed rate notes issued in July 2017 by an additional aggregate principal amount of EUR 95 million for refinancing purposes
Langen, 18 September 2017 – DEMIRE Deutsche Mittelstand Real Estate AG (WKN A0XFSF / ISIN DE000A0XFSF0) intends to issue additional notes (tap) in an aggregate principal amount of EUR95 million of its rated, unsecured fixed rate notes (2.875% p.a.), issued in July 2017, with a term of five years (until 2022) and governed by New York law (144A/Reg S). Such additional notes are expected to be admitted to trading on the Luxembourg Stock Exchange (Euro MTF Market). The net proceeds from the proposed offering will be used to refinance existing indebtedness of Germavest S.à r.l., an indirect subsidiary of DEMIRE Deutsche Mittelstand Real Estate AG, in a total principal amount of c. EUR 94 million and with an average interest rate of c. 4.4% p.a.
Contact
DEMIRE Deutsche Mittelstand Real Estate AG
Robert-Bosch-Straße 11
D-63225 Langen
Telephone: +49 (0) 6103 – 372 49 – 0
Fax: +49 (0) 6103 – 372 49 – 11
www.demire.ag
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18-Sep-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | DEMIRE Deutsche Mittelstand Real Estate AG |
| Robert-Bosch-Straße 11 im ‘the eleven’ | |
| 63225 Langen (Hessen) | |
| Germany | |
| Phone: | +49 6103 37249-0 |
| Fax: | +49 6103 37249-11 |
| E-mail: | [email protected] |
| Internet: | www.demire.ag |
| ISIN: | DE000A0XFSF0 |
| WKN: | A0XFSF |
| Listed: | Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart, Tradegate Exchange |
| End of Announcement | DGAP News Service |