ADLER Real Estate AG
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
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. KPI’s improved
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04.04.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | ADLER Real Estate AG |
Joachimsthaler Straße 34 | |
10719 Berlin | |
Germany | |
Phone: | +49 30 398 018 10 |
Fax: | +49 30 639 61 92 28 |
E-mail: | info@adler-ag.com |
Internet: | www.adler-ag.com |
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 |