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Aroundtown SA (IRSH)
Aroundtown SA: Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014
22-Apr-2024 / 08:04 CET/CEST
The issuer is solely responsible for the content of this announcement.
Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014
Aroundtown launches an exchange offer with 20% tender option to the holders of its GBP and USD denominated perpetual
notes
Luxembourg, 22 April 2024 - The Board of Directors of Aroundtown SA (the "Company" and together with its subsidiaries "
Aroundtown") has resolved today to launch a voluntary exchange and tender offer (the "Offer") to the holders of the
GBP 400,000,000 undated subordinated notes (ISIN: XS2017788592) and the USD 700,000,000 undated subordinated notes
(ISIN: XS1634523754) ("Existing Perpetual Notes"). Under the Offer, holders of the Existing Perpetual Notes will have
the opportunity to exchange existing eligible holdings into either: (i) new perpetual notes and a cash amount for
participating in the exchange, or (ii) new perpetual notes, a cash amount for participating in the exchange and a 20%
redemption of their exchanged notes for cash.
Holders of the Existing Perpetual Notes with ISIN code XS2017788592 and a current coupon of 4.750% (to reset in June
2024 at the margin (4.377%) plus applicable 5 -year GBP Mid-swap) are invited to exchange their instruments into newly
issued undated subordinated notes denominated in GBP with a coupon of 8.625% and a term of 5.25 years until the first
reset date ("New GBP Notes"). The issuance of the New GBP Notes is subject to achieving a new issue size of at least
GBP 150,000,000.
Holders of the Existing Perpetual Notes with the ISIN code XS1634523754 and a current coupon of 7.747% are invited to
exchange their instruments into newly issued undated subordinated notes denominated in USD with a coupon of 7.875% and
a term of 5.5 years until the first reset date ("New USD Notes"). The issuance of the New USD Notes is subject to
achieving a new issue size of at least USD 150,000,000.
Both new notes are expected to be rated BBB- by S&P Global Ratings Europe Limited. Aroundtown aims to recover or
maintain the equity content under S&P rating methodology.
The offer period will start on 22 April 2024 and end at 5:00 p.m. CEST on 30 April 2024, unless extended, withdrawn,
amended or terminated by the Company.
The new undated subordinated notes will be issued by a subsidiary of the Company, Aroundtown Finance S.à r.l. and will
be unconditionally and irrevocably guaranteed on a subordinated basis by the Company and will rank pari passu with all
other subordinated notes issued or guaranteed by the Company. The newly issued undated subordinated notes shall be
listed on the official list of the Luxembourg Stock Exchange and admitted to trading on the Euro MTF Market operated by
the Luxembourg Stock Exchange.
The Offer is subject to certain conditions. The details of the Offer will be made available in an Exchange and Tender
Offer Memorandum.
Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse
Regulation (MAR), transmitted by EQS Group.

The issuer is solely responsible for the content of this announcement.  
ISIN:          LU1673108939, LU1673108939, XS2114459550, XS1508392625, XS1634523754, XS1752984440, XS2017788592, 

XS2027946610, XS2055106210, XS2287744721, XS1586386739, XS1639847760, XS1649193403, XS1700429308,
XS1715306012, XS1753814141, CH0398677689, XS1761721262, XS1815135352, AU3CB0252955, CA04269KAA12,
XS1879567144, XS1877353786, XS1901137106, XS1905592546, CH0460054437, XS1961042915, XS1964701822,
XS1966277748, XS1980255779, XS1999746370, XS2023872174, XS2023873149, XS2198981263, XS1843435501,
XS2273810510, XS2421195848,
Category Code: MSCH

TIDM:          IRSH 
LEI Code:      529900H4DWG3KWMBMQ39 
Sequence No.:  316881 
EQS News ID:   1885269 

End of Announcement EQS News Service

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END) Dow Jones Newswires

April 22, 2024 02:04 ET (06:04 GMT)