Capital/Financing Update • Jun 21, 2021
Capital/Financing Update
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De conformidad con lo establecido en el artículo 227 del texto refundido de la Ley del Mercado de Valores aprobado por el Real Decreto Legislativo 4/2015, de 23 de octubre, Inmobiliaria Colonial, SOCIMI, S.A. ("Colonial" o la "Sociedad") comunica la siguiente
Como continuación al anuncio de información privilegiada de 14 de junio de 2021 (número de registro 934) y a los anuncios de otra información relevante publicados el 16 de junio de 2021 (número de registro 10024) y en el día de hoy (número de registro 10109), la Sociedad anuncia los resultados finales y el precio de la invitación a los titulares de sus emisiones de bonos por importe de 500.000.000 euros, con cupón del 2,728% y vencimiento el 5 de junio de 2023 (ISIN: XS1241701413) (los "Bonos de 2023"), y por importe de 600.000.000 euros, con cupón del 1,45% y vencimiento el 28 de octubre de 2024 (ISIN: XS1509942923) (los "Bonos de 2024", y junto a los Bonos de 2023, los "Bonos") para vender los Bonos a Colonial a cambio de efectivo.
Se adjunta al presente anuncio la comunicación que Colonial publicará en Euronext Dublin.
Madrid, 21 de junio de 2021.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN OR AT ANY ADDRESS IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA) (THE "UNITED STATES") OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT")) OR IN OR INTO ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.
This announcement does not constitute an invitation to participate in the Offer (as defined herein) in or from any jurisdiction in or from which, or to or from any person to or from whom, it is unlawful to make such offer under applicable securities laws or otherwise. The distribution of this announcement in certain jurisdictions (including the United States, the United Kingdom, the Republic of Italy, Belgium, France and Spain) may be restricted by law. Persons into whose possession this document comes are required by the Offeror and the Dealer Managers (each as defined herein) to inform themselves about, and to observe, any such restrictions. No action that would permit a public offer has been or will be taken in any jurisdiction by the Offeror, the Dealer Managers or the Tender Agent.
Further to its announcements on 14 June 2021, 16 June 2021 and 21 June 2021, Inmobiliaria Colonial, SOCIMI, S.A. (the "Offeror") hereby announces the final results and pricing of its invitation to holders of its €500,000,000 2.728 per cent. Notes due 5 June 2023 (the "2023 Notes") and €600,000,000 1.45 per cent. Notes due 28 October 2024 (the "2024 Notes" and, together with the 2023 Notes, the "Notes" and, each issuance of Notes, a "Series") to offer to sell Notes to the Offeror for cash at the relevant Purchase Price (the "Offer").
The Offer was made upon the terms and subject to the conditions contained in a tender offer memorandum dated 14 June 2021 (the "Tender Offer Memorandum") prepared in connection with the Offer. Capitalised terms used in this announcement and not otherwise defined have the meanings ascribed to them in the Tender Offer Memorandum.
Following the expiration of the Offer at 16:00 (CEST) on 18 June 2021 (the "Expiration Deadline"), the Offeror hereby announces that:
The Purchase Price for each Series of Notes accepted for purchase was determined at or around 13:00 (CEST) today in accordance with market convention and which is intended to reflect (i) in the case of the 2023 Notes, a yield to maturity of the 2023 Notes and (ii) in the case of the 2024 Notes, a yield to the First Optional Call Date, in each case, on the Settlement Date based on the relevant Purchase Yield, which is, in the case of the 2023 Notes only, the sum of the Reference Benchmark Yield and the Purchase Spread, as follows:
| Description of Notes |
ISIN | Maturity Date |
First Optional Call Date |
Aggregate principal amount accepted |
Pro-ration factor |
Purchase Yield |
Purchase Price |
Accrued Interest |
|---|---|---|---|---|---|---|---|---|
| 2023 Notes | XS1241701413 | 5 June 2023 |
Not Applicable |
€69,000,000 | Not Applicable |
-0.296 per cent. |
105.925 per cent. |
0.13453 per cent. |
| 2024 Notes | XS1509942923 | 28 October 2024 |
28 July 2024 | €306,100,000 | Not Applicable |
-0.15 per cent. |
104.970 per cent. |
0.94548 per cent. |
Subject to the successful completion (in the sole and absolute determination of the Offeror) of the issue by the Offeror of the €500,000,000 0.750 per cent Notes due June 2029 under its €5,000,000,000 Euro Medium Term Note Programme, which is expected to take place on 22 June 2021, on the Settlement Date the Offeror will pay, or procure the payment of, the relevant Purchase Price plus the relevant Accrued Interest to all Noteholders whose Tender Instructions have been validly accepted by the Offeror pursuant to the terms and conditions of the Offer, subject to receipt of the relevant Notes. The Settlement Date is expected to be 23 June 2021.
Notes in respect of which the Offeror has not accepted a Tender Instruction will remain outstanding subject to the terms and conditions of such Notes.
A complete description of the terms and conditions of the Offer is set out in the Tender Offer Memorandum. BNP Paribas, CaixaBank, S.A. and J.P. Morgan AG are the Dealer Managers for the Offer.
BNP PARIBAS
16, boulevard des Italiens 75009 Paris France
CaixaBank, S.A. Paseo de la Castellana, 51 (3rd floor) 28046 Madrid Spain Tel: +34 91 700 56 09 / 10 Email: [email protected]
Tel: +33 1 55 77 78 94 Attention: Liability Management Group Email: [email protected]
Taunustor 1 (TaunusTurm) 60310 Frankfurt am Main Germany
Tel: +44 20 7134 2468 Email: liability\_management\[email protected]
Lucid Issuer Services Limited
Tankerton Works 12 Argyle Walk London WC1H 8HA United Kingdom
Tel: +44 207 704 0880 Attention: David Shilson Email: [email protected]
Further details relating to the contents of this announcement can be obtained from:
Avenida Diagonal 532 08006 Barcelona Spain
Attention: Ángels Arderiu Ibars and Meritxell Fernandez Sanchez
Email: [email protected] / [email protected]
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