Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
St Helier Jersey / Channel Islands (euro adhoc) - ** NOT FOR RELEASE OR
DISTRIBUTION OR PUBLICATION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN OR THE RUSSIAN FEDERATION **
Atrium European Real Estate Limited
("Atrium" or the "Group")
ATRIUM SUCCESSFULLY PLACES A EUR350MILLION UNSECURED EUROBOND
-Atrium's first unsecured bond is 3.7 times oversubscribed-
Jersey, 19 April 2013. Atrium European Real Estate Limited (VSE/Euronext:ATRS),
a leading owner, operator and developer of retail real estate and shopping
centres in Central and Eastern Europe, announces that it has successfully
completed the placement of a EUR350million unsecured seven year eurobond (the
"Bond"), maturing in April 2020 bearing a fixed coupon of 4.00% per annum. The
issue price was 99.569%.
The order book for the issue was over EUR1.3billion, representing an
oversubscription of some 3.7 times. The Bond has been placed with a broad range
of institutional debt investors across Europe and confirms the confidence of
investors in Atrium's credit profile.
Both Standard & Poors and Fitch have assigned a BBB- investment grade credit
rating to the Bond, in line with Atrium's own corporate rating.
The proceeds of the issue will strengthen Atrium's liquidity and will be used
for general corporate purposes, including acquisitions, as and when identified,
as well as the refinancing of its existing secured debt.
Commenting on the transaction, Rachel Lavine, Atrium's chief executive, said:
"The success of this issue, which has been heavily oversubscribed, is a real
endorsement of the progress we have made at Atrium and provides us with
substantial financial liquidity to support the Group's growth strategy. It both
builds on the progress we have made, which led to achieving our investment grade
ratings at the end of last year, and enables us to take advantage of the current
low interest rate environment, and the highly active debt capital markets. I am
very pleased with the result."
Analysts: Ljudmila Popova
Press & Shareholders: FTI Consulting Inc
+44 (0)20 7831 3113
Richard Sunderland/ Will Henderson/ Daniel O'Donnell
Atrium is established as a closed-end investment company domiciled in Jersey.
Atrium is registered with the Dutch Authority for the Financial Markets as a
collective investment scheme which may offer participations in The Netherlands
pursuant to article 2:66 of the Financial Supervision Act (Wet op het financieel
toezicht). All investments are subject to risk. Past performance is no guarantee
of future returns. The value of investments may fluctuate. Results achieved in
the past are no guarantee of future results.
The information contained herein does not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities
referred to herein in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration, exemption from registration or
qualification under the securities laws of any jurisdiction.
Any offer of securities to the public that may be deemed to be made pursuant to
this communication in any EEA Member State that has implemented EU Directive
2003/71/EC (together with any amendments and applicable implementing measures in
any Member State, the "Prospectus Directive") is addressed solely to qualified
investors (within the meaning of the Prospectus Directive) in that Member State.
This document is an advertisement and not a prospectus for the purposes of
applicable measures implementing EU Directive 2003/71/EC (such Directive,
together with any amendments and applicable implementing measures in the
relevant home Member State under such Directive, the "Prospectus Directive") and
as such does not constitute an offer to sell or the solicitation of an offer to
purchase securities. A prospectus prepared pursuant to the Prospectus Directive
has been published, which can be obtained from the website of the Luxembourg
stock exchange. Investors should not subscribe for or purchase any securities
referred to in this document except on the basis of the information in the
This communication is addressed only to and directed only at (i) persons who are
outside the United Kingdom or (ii) investment professionals falling within
Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (the "Order") and (iii) high net worth entities, and other
persons to whom it may lawfully be communicated, falling within Article 49(2)(a)
to (d) of the Order (all such persons in (i), (ii) and (iii) above together
being referred to as "relevant persons"). Any investment activity to which this
communication relates will only be available to and will only be engaged with,
relevant persons. Any person who is not a relevant person should not act or rely
on this document or any of its contents.
This communication is not for public release, publication or distribution,
directly or indirectly, in or into the United States (including its territories
and possessions, any State of the United States and the District of Columbia).
This communication is not and does not constitute or form a part of any offer
of, or solicitation to purchase or subscribe for, any securities in the United
States. Any such securities have not been, and will not be, registered under the
United States Securities Act of 1933 (the "Securities Act"). Any such securities
may not be offered or sold in the United States or to, or for the account or
benefit of, U.S. persons (as such term is defined in Regulation S under the
Securities Act), except pursuant to an exemption from the registration
requirements of the Securities Act. No public offering of securities will be
made in the United States of America.
Certain statements in this document are not historical facts and are "forward
looking". Forward-looking statements include statements concerning Atrium's
plans, expectations, projections, objectives, targets, goals, strategies, future
events, future revenues or performance, capital expenditures, financing needs,
plans or intentions relating to acquisitions, Atrium's competitive strengths and
weaknesses, plans or goals relating to forecasted performance, financial
position and future operations and development, its business strategy and the
trends it anticipates in the industries and the political and legal environment
in which it operates and other information that is not historical information.
By their very nature, forward-looking statements involve inherent risks and
uncertainties, both general and specific, and risks exist that the predictions,
forecasts, projections and other forward-looking statements will not be
achieved. Given these risks and uncertainties, you are cautioned not to place
undue reliance on such forward-looking statements. Atrium does not intend and
does not assume any obligation to update any forward-looking statement contained
Further inquiry note:
For further information:
FTI Consulting Inc.:
+44 (0)20 7831 3113
end of announcement euro adhoc
company: Atrium European Real Estate Limited
Seaton Place 11-15
UK-JE4 0QH St Helier Jersey / Channel Islands
phone: +44 (0)20 7831 3113
sector: Real Estate
indexes: Standard Market Continuous
stockmarkets: official market: Wien