Aroundtown Successfully Manages Debt Maturity with €750 Million Bond Issuance

Aroundtown SA announced a proactive approach to managing its debt maturity schedule, marking a significant achievement with the issuance of a €750 million 5-year senior unsecured bond. The bond carries a 3.5% coupon, reducing the marginal cost of debt compared to the 4.8% from the previous issuance in July 2024. The issuance was met with strong investor demand, being three times oversubscribed, and is expected to receive a BBB rating from S&P.

Alongside the bond issuance, the company launched a buyback tender for bonds targeting over €2 billion. This initiative focuses on bonds maturing within the next 18 months and those with higher coupons, aiding in cost management. Through these strategies, Aroundtown aims to leverage its liquidity and proceeds from the issuance to repay short-term debt, having already repaid approximately €660 million year-to-date.