Heuking Kühn Lüer Wojtek’s Cologne-based capital market team led by Partner Dr. Thorsten Kuthe advised Accentro Real Estate AG on issuing a bond with a volume of EUR 250 million. The new bond is an unsubordinated and unsecured Euro-denominated sub-benchmark bond. In advance, Accentro Real Estate AG made a cash offer to the holders of the EUR 100 million 2018/2021 bond to repurchase its outstanding principal amount. The company announced that it will repay the remaining outstanding bonds prematurely due to the insignificance of the outstanding nominal amount in accordance with the terms of the bond.
Accentro Real Estate AG intends to use the net proceeds of the new bond issue to finance the buyback offer, the acquisition of new properties in Germany, and for general corporate purposes. The new bond was offered in a private placement and exclusively to qualified investors outside the United States of America. It will be listed on Luxemburg Stock Exchange’s Euro MTF market.
Counsel to Accentro Real Estate AG
Heuking Kühn Lüer Wojtek:
Dr. Thorsten Kuthe (Lead, Capital Markets),
Anna Richter, LL.M.,
Meike Dresler-Lenz (all Capital Markets), all Cologne