Klépierre successfully completed its tender offer on (i) its €750,000,000 1.00 per cent. notes 1.00% due 17 April 2023 issued on 17 April 2015 and (ii) its €630,000,000 1.75% notes due 6 November 2024 issued in three assimilated tranches on 6 November 2014, 28 January 2015 and 11 June 2015 respectively.
Launched on 6 January 2022, the tender offer enabled the repurchase on 18 January 2022 of notes for a total amount of €297,000,000 (i.e. an amount of €226,300,000 for the notes due 17 April 2023 and an amount of €70,700,000 for the notes due 6 November 2024). This transaction is part of Klépierre's strategy to optimise its liquidity position.
For this transaction, Natixis, SMBC Nikko Capital Markets Europe GmbH and Société Générale acted as dealer managers for the tender offer.
CMS Francis Lefebvre acted as legal counsel to Klépierre. The CMS Francis Lefebvre team comprised Marc-Etienne Sébire, partner, Yaël Fitoussi and Délany Chelliah, associates.
The dealer managers were advised by Gide Loyrette Nouel with a team comprising Laurent Vincent, partner, Louis Ravaud and Shanna Kim, associates.
