ALTAREA (EPA:ALTA) - Altarea successfully priced an issuance of €300,000,000 Notes

Transparency directive : regulatory news

08/12/2020 19:33

Press release.
Paris, 8 December 2020

Altarea successfully priced an issuance of EUR 300,000,000 Notes

Altarea, leading the urban transformation market as first real estate developer
in France, successfully priced today its issuance of EUR300,000,000 9-year (due
16 January 2030) Notes with a fixed coupon of 1,75% and no new issue premium.
The order book reached an amount of more than EUR2.5 billion and was more than
8.5 times oversubscribed.

The success of this transaction, that will lead to a lengthening of Altarea's
debt and decrease in its average cost of debt, illustrates investors' strong
confidence in Altarea group strategy and credit profile in the long term.

The net proceeds of the issue of the new notes will be used for general
corporate purposes, including the funding of the tender offer launched on
December 7th, 2020 intended to repurchase its 2024 notes. The results of the
tender offer shall be announced on December 14th, 2020.

BNP Paribas, Crédit Agricole CIB, Deutsche Bank, Natixis and Société
Générale are acting as Joint Lead Managers in connection with the issuance of
the new notes.

Disclaimer

A prospectus, within the meaning of Article 6.3 of Regulation (EU) 2017/1129 of
14 June 2017, including any legal information about the Company and the
issuance terms will be submitted to the Autorité des Marchés Financiers, for
approval on 14 December 2020. Once approved, this prospectus will be available
on the websites of the issuer (www.altarea.com) and of the Autorité des
marchés financiers (www.amf- france.org/fr).

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.

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