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EANS-Adhoc: Atrium European Real Estate Limited
ATRIUM SUCCESSFULLY ISSUES
EUR150 MILLION UNSECURED EUROBONDS BY TAPPING ITS EUR350 MILLION 3.625%
EUROBONDS DUE 2022
-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- other 07.05.2015 ** 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") ATRIUM SUCCESSFULLY ISSUES EUR150 MILLION UNSECURED EUROBONDS BY TAPPING ITS EUR350 MILLION 3.625% EUROBONDS DUE 2022 Ad hoc announcement - Jersey, 7 May 2015. Atrium European Real Estate Limited (VSE/Euronext: ATRS), a leading owner, operator and developer of shopping centres and retail real estate in Central and Eastern Europe, announces that, further to its announcements of 24 April 2015, it has successfully issued EUR150 million unsecured eurobonds (the "Bonds"), due in October 2022 bearing a fixed coupon of 3.625% per annum. The Bonds will be consolidated and form a single series with the EUR350 million 3.625% bonds due in October 2022, which were issued by Atrium in October 2014. The issue price is 106.395% of the principal amount reflecting a yield of 2.9% and including accrued interest from 16 October 2014 to (but excluding) the issue date. The Bonds have been placed with a broad range of institutional debt investors across Europe. Both Standard & Poor's and Fitch have confirmed a BBB- investment grade credit rating to this tap issue, in line with Atrium's corporate rating. The proceeds of the issue will further strengthen Atrium's liquidity and will be used for the refinancing of existing debt, other investment property activities and general corporate purposes. The transaction is in line with Atrium's stated strategic objectives and forms part of the proactive management of its balance sheet in order to extend the average debt maturity, diversify funding sources and minimise the cost of debt. Commenting on the transaction, Josip Kardun, CEO of Atrium Group, said: "The success of this tap-issuance is a real endorsement of both Atrium's business and ability to successfully access debt capital markets. Having completed a number of significant acquisitions at the end of last year and at the beginning of 2015, this transaction provides us with additional financial resources to further optimise our capital structure and balance sheet efficiency and pursue further opportunities to grow the business, while at the same time taking advantage of market conditions to increase liquidity at attractive costs." Analysts: Ljudmila Popova firstname.lastname@example.org Press & Shareholders: FTI Consulting Inc +44 (0)20 3727 1000 Richard Sunderland/ Claire Turvey email@example.com About the Atrium Group Atrium is a leading real estate company focused on shopping centre investment, management and development in Central and Eastern Europe. As at 31 December 2014, the Atrium Group owned 153 shopping centres and retail properties, with a market value of EUR2.6 billion, diversified across seven countries, with a total gross lettable area of 1.4 million sqm. In the year ended 31 December 2014, the Atrium Group had gross rental income of EUR214.5 million. In January 2015, Atrium completed the sale of 72 smaller format retail centres in the Czech Republic that were classified as assets held for sale as at 31 December 2014 as part of the Company's on-going rebalancing of its portfolio to focus on larger scale and well-established shopping centres. Atrium is based in Jersey and is dual-listed on the Vienna and Euronext Amsterdam Stock Exchanges under the ticker ATRS. Atrium is established as a closed-end investment company incorporated and domiciled in Jersey and regulated by the Jersey Financial Services Commission as a certified Jersey listed fund, and is listed on both the Vienna Stock Exchange and the NYSE Euronext Amsterdam Stock Exchange. Appropriate professional advice should be sought in the case of any uncertainty as to the scope of the regulatory requirements that apply by reason of the above regulation and listings. 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. This press release appears as a matter of record only and 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 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 will be published, which, when published, 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 prospectus. 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, as amended (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. Further inquiry note: For further information: FTI Consulting Inc.: +44 (0)20 3727 1000 Richard Sunderland Claire Turvey Richard.firstname.lastname@example.org end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: Atrium European Real Estate Limited Seaton Place 11-15 UK-JE4 0QH St Helier Jersey / Channel Islands phone: +44 (0)20 7831 3113 mail: email@example.com WWW: http://www.aere.com sector: Real Estate ISIN: JE00B3DCF752 indexes: Standard Market Continuous stockmarkets: official market: Wien, stock market: Luxembourg Stock Exchange language: English