SFL – Expiry of the Tender Offer for Bonds
November 28 2014 - 12:24PM
Business Wire
Regulatory News :
The tender offer launched on 20 November, 2014, in relation to
two public bonds maturing in May 2016 and November 2017, expired on
27 November, 2014. The success of this operation enables SFL
(Paris:FLY) to repurchase a portion of its bonds for a nominal
amount of €300 million – of which €200 million relates to the 2016
bond and €100 million to the 2017 bond – in line with its initial
target.
This tender offer, in conjunction with the new €500 million,
7-year bond issued on 20 November, 2014, enables SFL to
significantly extend the average maturity of its debt and reduce
its average future cost.
ABOUT SFL:Leader on the prime segment of the Parisian
tertiary real estate market, the Société Foncière Lyonnaise stands
out for the quality of its property portfolio, which is valued at
4.1 million euros and is concentrated on the Central Business
District of Paris (Louvre Saint-Honoré, Edouard VII, Washington
Plaza, etc.), and for the quality of its client portfolio, which is
composed of prestigious companies in the consulting, media,
digital, luxury, finance and insurance sectors.
STOCK MARKET:Euronext Paris Compartment A – Euronext
Paris ISIN FR0000033409 – Bloomberg: FLY FP – Reuters: FLYP
PA
S&P RATING: BBB- Stable outlook
www.fonciere-lyonnaise.com
Company: SFLNicolas Reynaud, Phone: + 33 (0)1 42 97 01
28n.reynaud@fonciere-lyonnaise.com
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