| NOTES ISSUE OF €151M SIMULTANEOUS TENDER OFFER OF €65M NOTES ISSUED IN JANUARY 2013 |
Paris, 22 June 2017
Determination of the terms and conditions of the Notes maturing on 10 November 2023 and 29 June 2025 (the "New Notes")
Nexity announces that it has successfully completed its third notes issue through a private placement of a total amount of 151 million euros, with a first tranche of 30 million euros bearing interest at the annual rate of 2.053% with a final redemption in 6,5 years (November 2023), and a second tranche of 121 million euros bearing interest at an annual rate of 2.600% with a final redemption in 8 years (June 2025).
The net proceeds of the issue of the New Notes will be used to finance the tender offer of the 2018 Notes and to finance the general corporate purposes of the Company. This transaction will enable the Group to lengthen the maturity of its debt and to benefit from the current favourable interest rates.
The New Notes (ISIN FR0013264918 for the Notes due November 2023 and ISIN FR0013264926 for the Notes due June 2025), issued to French institutional investors, will be admitted to trading on Euronext AccessTM as from 29 June 2017.
This note issue was managed by Crédit Agricole Corporate and Investment Bank and Société Générale Corporate & Investment Banking.
Tender Offer of the Existing Notes due on 27 December 2018 at a 3.75% coupon (the "2018 Notes") (ISIN Code: FR0011400605)
Simultaneously to the issue of the New Notes, an amount of 65 million euros in nominal value of the 2018 Notes has been validly submitted by the noteholders as part of the public tender offer launched by Nexity from 6 June 2017 to 20 June 2017.
Given the success of the New Notes offering, and the nominal amount brought by the tender offer on the 2018 Notes, the Company has agreed to redeem 65 million euros of the 2018 Notes, at a price of 104,549% (excluding accrued coupon) per 2018 Note, subject to the condition precedent of the settlement of the New Notes planned for 29 June 2017.
The 2018 Notes redeemed by the Company will be cancelled in accordance with their terms.
DISCLAIMER
This press release and the information which it contains does not constitute either an offer to sell, or a request to purchase or to subscribe the notes in any country, in particular in the United States, in Canada, in Australia or in Japan. This press release does not constitute an invitation to participate in the Tender Offer. Such an invitation will be made by means of a notice which will be at the disposal of the investors to whom the invitation can legally be addressed. The distribution of this press release can, in certain countries be subject to specific regulations or be prohibited by law and the persons in possession of this press release will have to inquire about applicable restrictions and comply with them.
| ______ AT NEXITY, WE AIM TO SERVE ALL OUR CLIENTS AS THEIR REAL ESTATE NEEDS EVOLVE Nexity offers the widest range of advice and expertise, products, services and solutions for private individuals, companies and local authorities, so as to best meet the needs of our clients and respond to their concerns. Our business lines - real estate brokerage, management, design, development, planning, advisory and related services - are now optimally organised to serve and support our clients. As the benchmark operator in our sector, we are resolutely committed to all of our clients, but also to the environment and society as a whole. Nexity is listed on the SRD and on Euronext's Compartment A Member of the following indices: SBF 80, SBF 120, CAC Mid 60, CAC Mid & Small and CAC All Tradable Ticker symbol: NXI - Reuters: NXI.PA - Bloomberg: NXI FP ISIN: FR0010112524 ______ CONTACT Domitille Vielle - Head of Investor Relations / +33 (0)1 85 55 19 34 - investorrelations@nexity.fr Jean-Marie Palu - Deputy Chief Financial Officer / +33 (0)1 85 55 18 10 - jmpalu@nexity.fr |
