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Unibail-Rodamco-Westfield Announces Tender Offer Results

03 Dec 2020  |  19:02:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Unibail-Rodamco-Westfield announces tender offer results

Unibail-Rodamco-Westfield announced the successful EUR2 Bn bond issuance and the launch of the concurrent tender offer which will enable the Company to repurchase bonds with a total nominal amount of EUR544.9 Mn (19.56% of the outstanding amount). The Company updated that the tender offer will be funded from the net proceeds of the November 2020 bond issuance, and is part of the Company's active debt management strategy. As reported, the Company accepted all tenders and the settlement will take place on 4 December 2020.

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