CPI Property Group Initiates Tender Offer for Outstanding Notes

CPI Property Group has launched a tender offer to purchase certain outstanding senior notes. The offer includes EUR 750,000,000 2.875% notes due in April 2027, GBP 400,000,000 4.000% notes due in January 2028, and EUR 600,000,000 7.000% green notes due in May 2029. Additionally, EUR 500,000,000 notes due in October 2027 issued by CPI Europe AG are included.

The company aims to manage its capital structure by extending bond maturity profiles. New sterling-denominated notes are expected to be issued around 5 February 2026. Acceptance of offers depends on market conditions, with completion subject to the success of new note issuance.

The offer period runs until 5 February 2026. Participation requires adherence to minimum denominations and offer restrictions. The company reserves rights to alter terms, subject to legal confinements.