Refinancing Extends a Significant Majority of Vivion’s Maturities Until 2028 and Later; Extension of Significant Majority of Debt by More Than 5 Years
Vivion to Issue Financial Results for the First Half of 2023 on 15 September 2023
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LUXEMBOURG–(BUSINESS WIRE)–Vivion Investments S.à r.l. (“Vivion” or the “Company”), a dynamic real estate investment company focused on delivering sustainable returns to investors from a quality portfolio of assets across the United Kingdom and Germany, is pleased to announce the successful refinancing of its €700 million 3.00% notes due 2024, its €640 million 3.50% notes due 2025, and its €200 million 2.25% convertible bonds due 2025, which provides the Company with significant runway to execute on the compelling real estate opportunities it is identifying in its key markets.
Ella (Raychman) Zuker, Chief Financial Officer of Vivion, commented, “We are pleased to report the results of this value-creating refinancing, which will provide Vivion with the financial flexibility required to capitalize on the attractive opportunity set we see before us. Despite challenging market conditions, we undertook this transaction with speed and certainty, positioning Vivion for success both in the near and longer term.
“That 91% of Vivion bondholders across the three series supported the extension of the significant majority of our debt by more than five years is testament to their confidence in our strategy, portfolio, team, and growth trajectory. With a solid capital structure in place, we look forward to sharing our financial results for the first half of the year next week and continuing to execute our strategic objectives for the benefit of our investors.”
Additional information regarding the refinancing may be found here: https://direct.euronext.com/api/PublicAnnouncements/RISDocument/Vivion%20Investments%20-%20Final%20Results%20Announcement.pdf?id=5f9c89f1-e677-4895-a00f-e7f8f54ac6bc
Contacts
Vivion Investments S.à r.l.
155, rue Cents, L-1319 Luxembourg
Grand Duchy of Luxembourg
www.vivion.eu
Daan Bras – Investor Relations
T +31 65 20 90 026
IR@vivion.eu
