Aroundtown SA Strengthens Financial Position with €750 Million Bond Issuance and Strategic Debt Tender

The latest update is out from Aroundtown SA ( (DE:AT1) ).

Aroundtown SA has successfully issued a €750 million 5-year senior unsecured bond with a 3.5% coupon, significantly lower than the previous 4.8% coupon, reflecting a reduction in the marginal cost of debt. The issuance was highly successful, being 3x oversubscribed, and is expected to be rated BBB by S&P. Concurrently, the company launched a tender offer targeting over €2 billion of its outstanding bonds, focusing on those with shorter maturities and higher coupons, as part of a strategic effort to manage its debt maturity profile and reduce costs. These measures are expected to enhance Aroundtown’s financial stability and operational flexibility by extending its debt maturity and reducing gross debt.

More about Aroundtown SA

Aroundtown SA is the largest listed German commercial real estate company, trading on the Prime Standard of the Frankfurt Stock Exchange. It invests in income-generating quality properties with value-add potential in central locations across top-tier European cities, primarily in Germany, the Netherlands, and London.

Average Trading Volume: 534,927

Technical Sentiment Signal: Hold

Current Market Cap: €2.85B

For an in-depth examination of AT1 stock, go to TipRanks’ Stock Analysis page.