BENI STABILI SPA Beni Stabili announces plans to issue notes denominated in Euro

Transparency directive : regulatory news

12/02/2018 10:28

Beni Stabili announces plans to issue notes denominated in Euro
                            Milan: February 12th, 2018

Beni Stabili S.p.A. Siiq (rated BBB- by S&P Global) ("Beni Stabili") has
announced today that it intends to proceed, subject to market conditions, with
expected 300 million senior unsecured note issuance denominated in Euro with a
tenor of 10 years.

The proposed transaction would not be convertible into shares of Beni Stabili
and would be reserved exclusively to institutional investors. The final terms
of the offering will be determined on the basis of market conditions at the
time of pricing. In case of issuance, Beni Stabili will make an application for
the notes to be admitted to the Official List of the Luxembourg Stock Exchange
and to trading on its regulated market. The proceeds of the proposed
transaction would be used to refinance existing debt (which may include
indebtedness in connection with the outstanding bond issue "EUR 250,000,000
3.50 per cent. Notes due 2019", through the exercise of early redemption
options, and with facilities made available by certain of the Joint Lead
Managers in their capacity as lenders) and/or for general corporate purposes.

Beni Stabili has appointed Morgan Stanley and Natixis as Joint Lead Managers on
the proposed transaction.

                                  * * *

This press release is not, and is not part of, an offer or sale of securities
to the public or a solicitation to purchase or sell securities, and there will
be no offer of securities or solicitation to sell or purchase securities in any
jurisdiction where such offer or solicitation would be forbidden by the law.

No action has been taken by Beni Stabili, the aforementioned banks or any of
their respective affiliates that would permit an offering of the securities or
possession or distribution of this press release or any publicity material
relating to the securities in any jurisdiction where action for such purposes
is required. Persons into whose possession this press release comes are
required to inform themselves about and to observe any such restrictions.

This press release shall not be distributed, whether directly or indirectly, in
the United States of America (as defined in Regulation S contained in the US
Securities Act of 1933, as subsequently amended - "US Securities Act") or in
any other country where the offer or the sale would be forbidden by the law.
The securities mentioned in this press release have not been and will not be
registered under the US Securities Act and may not be offered or sold in the
United States of America without a registration or a specific exemption from
registration under the US Securities Act. No offers of the securities to the
public or solicitation to sell or purchase securities shall be made in the
United States of America or in any other country.

                                * * * * *

For more information: Beni Stabili Siiq

Investor Relations -
Barbara Pivetta - +39.02.3666.4630 - barbara.pivetta@benistabili.it
Media Contact - Barbara Ciocca - +
39.02.3666.4695 - barbara.ciocca@benistabili.it

SEC and partners Srl
Matteo Steinbach - +39.346.1063989 - steinbach@secrp.com
Michele Calcaterra - + 39. 335.461985 - calcaterra@secrp.com

Beni Stabili Siiq, a leading property company in the Italian real estate sector
Beni Stabili is the leading property player in the Italian real estate market
with total assets of over 4bn euro. Our assets portfolio is sited in key
locations of North and Central Italy's major cities and consist mainly of
offices. We pursue the appreciation of our assets to increase profitability and
create value for our clients, partners and shareholders.

As a major player in office investment and development, we foster pioneering
solutions to improve the environmental performance of our buildings for the
well-being of our clients' employees. With this is mind we are developing in
Milan a new business area dedicated to smart working: Symbiosis.

Beni Stabili is listed on the Milan and Paris Stock Exchanges and operates
through its main offices of Milan and Rome. Beni Stabili belongs to the
Foncière des Régions group, a leading real estate player in Europe who owns
and manage an 18bn euro portfolio located in the most attractive metropolitan
cities of France, Germany and Italy.

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