Globalworth tenders for up to €100 million of 2025, 2026 notes

By Marisa Wong

Los Angeles, June 20 – Globalworth Real Estate Investments Ltd. is proposing to purchase for cash an aggregate principal amount of up to €100 million of its outstanding €550 million 3% notes due March 29, 2025 (ISIN: XS1799975922) and €400 million 2.95% notes due July 29, 2026 (ISIN: XS2208868914) through an unmodified Dutch auction procedure, according to a news release.

The minimum purchase price is 81.5 for the 2025 notes and 74 for the 2026 notes.

The company will determine the aggregate amount of 2025 notes and 2026 notes that it elects to purchase entirely at its discretion. The offer cap can also be adjusted at the company’s option.

The purpose of the tender offer is, among other things, to proactively manage the company’s debt maturity profile.

Citigroup Global Markets Ltd. and HSBC Continental Europe are the dealer managers.

The tender agent is Kroll Issuer Services Ltd.

Further information can be obtained at www.globalworth.com or by contacting group chief financial officer Stamatis Sapkas (+40 732 800 000) or nominated adviser and joint broker Panmure Gordon or Dominic Morley (+44 20 7886 2500).

Globalworth is a real estate investment company with holdings located primarily in Romania and Southeast Europe. The company is based in Bucharest, Romania.

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