Wereldhave
Wereldhave successfully secures long term funding
DGAP-News: Wereldhave 2015-12-14 / 17:41 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Wereldhave N.V. successfully secures US Private Placement funding of EUR 86 million with a tenor of 10 years at all in cost of 2.9%. Schiphol, the Netherlands, 2015-12-14 17:41 CET (GLOBE NEWSWIRE) -- Wereldhave N.V. ('Wereldhave') has reached agreement with US and UK institutional investors to issue US Private Placement Notes for a total amount of approximately EUR 86 million equivalent. With this US Private Placement Wereldhave extends the maturity profile of its debt in a low interest rate environment. The transaction closed today. The notes are denominated in US Dollars (70 million) and British Pounds (15 million) and have a tenor of 10 years. The notes have been swapped into Euros at fixed interest rates, until maturity. The weighted average interest cost for Wereldhave is 2.9% (after currency and interest rate swaps). Wereldhave has tapped the US private placement market successfully since 2011. Through this placement, Wereldhave was able to further diversify its investor base, in addition to receiving support from its existing lenders. The company is thankful to these investors for their continued support. Barclays acted as sole agent in this transaction. Swaps were effectuated with ING and Barclays. Information for the press: Richard W. Beentjes E richard.beentjes@wereldhave.com T + 31 20 702 78 32 Information for analysts: Jaap-Jan Fit E jaapjan.fit@wereldhave.com T + 31 20 702 78 43 Click on, or paste the following link into your web browser, to view the associated documents https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=540617 News Source: NASDAQ OMX --------------------------------------------------------------------------- 2015-12-14 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Wereldhave Netherlands End of News DGAP News Service
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