Here you find the releases of ADLER Real Estate AG relevant to the capital markets.
ADLER Real Estate AG: FFO guidance for 2019 raised following successful placement of EUR400m bond to refinance existing debt
DGAP-News: ADLER Real Estate AG / Key word(s): Change in Forecast
04.04.2019 / 09:39
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ADLER Real Estate AG - FFO guidance for 2019 raised following successful placement of EUR400m bond to refinance existing debt
- EUR400m 1.5% bond with 3 years maturity issued at par and rated BB+ by S&P
- Proceeds will be used to refinance EUR300m 4.75% bond callable at par on 8 April 2019 and other existing debt
- Annual FFO contribution from savings of the refinancing of c.EUR 12m
Berlin, 4 April 2019 - Following the strong results published for FY2018, ADLER Real Estate AG successfully placed EUR400m senior unsecured notes ("bond") with 1.5% fixed interest maturing on 17 April 2022 (ISIN: XS1843441491). ADLER's bond rating of BB+ was reiterated by S&P. Besides that ADLER holds a Corporate rating of BB (with stable outlook).
Based on the savings of the refinancing, ADLER raises its 2019 FFO I guidance from EUR80-85m to EUR83-86m.
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|Company:||ADLER Real Estate AG|
|Joachimsthaler Straße 34|
|Phone:||+49 30 398 018 10|
|Fax:||+49 30 639 61 92 28|
|ISIN:||DE0005008007, XS1211417362, DE000A1R1A42, DE000A11QF02|
|WKN:||500800, A14J3Z, A1R1A4, A11QF0|
|Indices:||SDAX, GPR General Index|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||795867|
|End of News||DGAP News Service|