ALTAREA (EPA:ALTA) - Altarea issues a series of senior notes and lauches a tender offer to repurchase its existing series of senior notes

Transparency directive : regulatory news

07/12/2020 09:35

Press release

Paris, 7 December 2020.

Altarea announces its intention to issue a series of senior notes and launches
a tender offer to repurchase its existing series of senior notes

Altarea (the Company) announces today its intention to issue a series of fixed
rate senior notes of a maximum aggregate principal amount of EUR300,000,000
(the New Notes). The pricing of the New Notes is expected to be announced on or
before the expiration date of the Tender Offer. It is expected that the New
Notes will be admitted to trading on Euronext Paris and that S&P Global Ratings
Europe Limited will assign a BBB rating to the New Notes.

The Company is also launching a tender offer (the Tender Offer) intended to
repurchase its EUR500,000,000 2.250% Notes due 5 July 2024 admitted to trading
on Euronext Paris (of which EUR500,000,000 are currently outstanding) (ISIN:
FR0013266525) (the Notes).

The Tender Offer is subject, inter alias, to a maximum acceptance amount of
EUR150,000,000, subject to the Company's right to increase or decrease this
amount at its sole and absolute discretion.

The purpose of the Tender Offer and the planned issuance of New Notes is, inter
alias, to optimise the debt structure of the Company.

The Tender Offer will end at 16:00 hours Paris time on 11 December 2020 and its
results will be announced on 14 December 2020 (subject to changes as a result
of any extension, withdrawal, termination, re-opening or amendment of the
Tender Offer).

Disclaimer

This announcement does not constitute an invitation to participate in the
Tender Offer or the issuance of New Notes 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 invitation under applicable securities laws. The distribution of this
announcement in certain jurisdictions may be restricted by law. No offer to
sell or solicitation of an order to sell or subscribe for a security may be
made in a country or territory in which such an offer or solicitation would be
contrary to the regulations in force or before its registration under
securities law in force in the such country or territory. Persons into whose
possession this announcement comes are required to inform themselves about, and
to observe, any such restrictions.

Tenders of Notes for purchase pursuant to the Tender Offer will not be accepted
from qualifying holders in any circumstances in which such offer or
solicitation is unlawful. The Company does not make any recommendation as to
whether or not qualifying holders should participate in the Tender Offer.

Securities may not be offered or sold in the United States absent registration
under, or an exemption from the registration requirements of, the Securities
Act. The New Notes have not been, and will not be, registered under the
Securities Act or the securities laws of any state or other jurisdiction of the
United States, and may not be offered, sold or delivered, directly or
indirectly, in the United States or to, or for the account or benefit of, any
U.S. Person.

United States

This Tender Offer is not being made and will not be made directly or indirectly
in or into, or by use of the mails of, or by any means or instrumentality
(including, without limitation, facsimile transmission, telex, telephone, email
and other forms of electronic transmission) of interstate or foreign commerce
of, or any facility of a national securities exchange of, the United States or
to U.S. Persons as defined in Regulation S of the U.S. Securities Act of 1933,
as amended (the Securities Act) (each a U.S. Person) and the Notes may not be
tendered in the Tender Offer by any such use, means, instrumentality or
facility from or within the United States, by persons located or resident in
the United States of America ("U.S. holders" within the meaning of Rule 800(h)
under the Securities Act). Accordingly, any documents or materials related to
this Tender Offer are not being, and must not be, directly or indirectly,
mailed or otherwise transmitted, distributed or forwarded (including, without
limitation, by custodians, nominees or trustees) in or into the United States
or to any such person. Any purported tender instruction in response to this
Tender Offer resulting directly or indirectly from a violation of these
restrictions will be invalid, and tender instructions made by a person located
or resident in the United States of America or any agent, fiduciary or other
intermediary acting on a non-discretionary basis for a principal giving
instructions from within the United States will not be accepted.

For the purposes of the above paragraph, United States means 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.

FINANCE CONTACTS
Eric Dumas, Chief Financial Officer
edumas@altareacogedim.com, tel: + 33 1 44 95 51 42

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ALTAREA (EPA:ALTA) - Altarea issues a series of senior notes and lauches a tender offer to repurchase its existing series of senior notes

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