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ATLAS ARTERIA — Capital/Financing Update 2021
Nov 8, 2021
64368_rns_2021-11-08_c61cb678-086b-458b-8963-b96d3afdbe6d.pdf
Capital/Financing Update
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9 November 2021
ASX RELEASE
APRR successfully prices €500 million of Eurobonds
Atlas Arteria ( ASX:ALX ) today announces that APRR has successfully priced €500 million of bonds under its Euro Medium Term Note Programme (the “Bonds”).
The Bonds have a term of 6.6 years and will mature on 19 June 2028. The proceeds from the issuance will be used to refinance debt and for general corporate purposes.
The Bonds were priced on 8 November 2021 (Luxembourg time) at 98.849% of par with a coupon of 0%. This represents a margin of 23bps over mid-rate swaps and a yield to maturity of 0.176%, which reflects continued strong market support for APRR.
Settlement is expected to occur on 19 November 2021 (Luxembourg time), subject to customary closing conditions. The Bonds will rank equally with APRR’s existing bonds on issue.
Atlas Arteria’s CFO Nadine Lennie said: “Eurobond investors demonstrated their continued support for the APRR business in this transaction. It provides APRR with additional liquidity, further reduces its average cost of debt, extends its weighted average debt maturity and strengthens APRR’s capacity for future growth.”
Atlas Arteria Limited ACN 141 075 201 Level 5, 141 Flinders Lane, MELBOURNE 3000
Atlas Arteria International Limited EC43828 4[th] Floor, Cedar House, 41 Cedar Avenue Hamilton HM12 BERMUDA
Atlas Arteria Limited Atlas Arteria International Limited
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For further information please contact:
| Investors: | Media: |
|---|---|
| Jeanette Royce | Lisa Keenan |
| Director, Investor Relations | Nightingale Advisors |
| 1800 621 694 / +61 (0) 438 493 692 | +61 (0) 409 150 771 |
| [email protected] | [email protected] |
____________________________________________________________________________________
This announcement has been authorised for release by Clayton McCormack, General Counsel and Company Secretary.
About Atlas Arteria
Atlas Arteria (ASX:ALX) is a global owner, operator and developer of toll roads, creating value for our investors over the long-term through considered and disciplined management. The roads we own, operate and develop benefit communities through reduced travel time, greater time certainty, reduced fuel consumption and carbon emissions.
Today the Atlas Arteria Group consists of four businesses. We currently own a 31.14% interest in the APRR toll road group in France. Adjacent to the APRR business is the smaller ADELAC business which connects to APRR in south-east France. Together APRR and ADELAC comprise a 2,318km motorway network located in the East and South East of France. In the US, we have 100% of the economic interest in the Dulles Greenway, a 22km toll road in the Commonwealth of Virginia. In Germany, we own 100% of the Warnow Tunnel in the north-east city of Rostock.