03-05-2013

ESTAVIS AG places another bond issue with Heuking Kühn Lüer Wojtek




ESTAVIS AG recently placed a EUR 10 million bond issue. The international private placement transaction was exclusively offered to institutional investors. The offering had been oversubscribed already at opening. The coupon rate of the one-year bonds is 11%. The corporation was legally advised again by Heuking Kühn Lüer Wojtek, with Cologne-based partner Dr. Thorsten Kuthe and lawyer Sarah Winkel.
 
The proceeds of the issue will primarily be used to finance the acquisition of a real estate portfolio in Berlin, which will mark yet another significant step forward in ESTAVIS AG's expansion strategy.
 
ESTAVIS AG is a publicly listed real estate company focusing on residential properties. Through its nationwide purchasing network, ESTAVIS AG identifies residential portfolios with high value-added potential and uses its management expertise to harness this po-tential efficiently. In addition to regular cash flows generated from its real estate holdings, ESTAVIS delivers investment returns through privatization gains. The real-estate com-pany is headquartered in Berlin and is listed in Frankfurt Stock Exchange's Prime Stand-ard (WKN: A0KFKB).
 
ESTAVIS has been advised by Heuking Kühn Lüer Wojtek regularly since 2007, most recently at a cash and in-kind capital increase at the beginning of 2013.
 
Counsel to ESTAVIS AG
Heuking Kühn Lüer Wojtek, Cologne:

Dr. Thorsten Kuthe,
Sarah Winkel, LL.M. (both Capital Market Law).

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