EANS-Adhoc: Atrium European Real Estate Limited / PRICING AND PLACEMENT OF €300 MILLION SENIOR NOTES

Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.

Company Information
31.08.2018

St Helier Jersey / Channel Islands – NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (THE „UNITED STATES“) OR TO ANY U.S. PERSON OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

ATRIUM EUROPEAN REAL ESTATE LIMITED

PRICING AND PLACEMENT OF EUR300 MILLION SENIOR NOTES

Ad hoc announcement – Jersey, 31 August 2018. Atrium European Real Estate Limited („Atrium“ or the „Company“ and together with its subsidiaries, the „Group“) (the „Issuer“), a leading owner, operator and developer of shopping centres and retail real estate in Central and Eastern Europe, announces that it has priced a EUR300 million unsecured 7 year eurobond that would mature in September 2025, carrying a fixed 3.0% coupon, at a issue price of 98.457% (the „New Notes“).

Atrium will apply for the New Notes to be listed on the official list of the Luxembourg Stock Exchange and admitted to trading on the Luxembourg Stock Exchange’s regulated market.

The New Notes have been placed with a broad range of institutional debt investors across Europe.

The New Notes are expected to be rated Baa3 by Moody’s and BBB- by Fitch, in line with Atrium’s corporate credit rating.

The net proceeds of the New Notes will be used to partially repay and refinance the Group’s existing indebtednessby repurchasing outstanding notes issued by Atrium for a certain fixed amount in accordance with the tender offer memorandum published by Atrium on 31 August 2018 and for general corporate matters.

Commenting on the transaction, Liad Barzilai, Group CEO of Atrium, said: „This issuance has been a solid success for Atrium. Atrium’s third unsecured Eurobond issuance together with the recent refinancing of the five year EUR300 million revolving credit facility, further affirms the success we have achieved to date in delivering our strategy to optimise the balance sheet. Atrium now has greater financial flexibility to build on the momentum achieved with our recent acquisition and at the same time extend the average maturity of our debt portfolio at attractive costs.“

For further information:

FTI Consulting Inc.: +44 (0)20 3727 1000
Richard Sunderland
atrium@fticonsulting.com

The Company 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 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.

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 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 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.

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
FAX:
mail: richard.sunderland@fticonsulting.com
WWW: http://www.aere.com
ISIN: JE00B3DCF752
indexes:
stockmarkets: Luxembourg Stock Exchange, Wien
language: English

Digital press kit: http://www.ots.at/pressemappe/2915/aom