Unibail-Rodamco SE filed a base prospectus for an up to €15.00 billion guaranteed medium-term note program.
The notes may be issued by the company as well as Rodamco Europe Finance BV and Rodamco Sverige AB from time to time.
The company has applied for approval of the prospectus to the Autorité des marchés financiers in France. Notes issued under the program may be applied for listing and admission on Euronext Paris, Luxembourg Stock Exchange and/or equivalent authorities of any member state of the European Economic Area.
Notes issued by Rodamco Europe Finance and Rodamco Sverige on or after the date of the base prospectus will be governed by English law, while notes issued by Unibail-Rodamco on or after the date of the base prospectus will be governed by French law.
As of July 31, S&P Global Ratings gave Unibail-Rodamco a corporate credit rating of A/Stable/A-1, while Fitch Ratings assigned it a long-term issuer default rating of A with stable outlook, a senior unsecured rating of A+ with stable outlook, a short-term issuer default rating of F1 and a short-term senior unsecured debt rating of F1. The medium-term note program has been rated A by S&P, and A+ by Fitch. Notes issued under the program may be rated or unrated, according to a release.
Net proceeds will be used for general corporate purposes of the issuer, which may include acquisition and developing policy.
The arranger for the program is Bank of America Merrill Lynch International Ltd., Paris Branch, and the dealers comprise Barclays, BofA Merrill Lynch, BNP PARIBAS, Crédit Agricole CIB, Handelsbanken Capital Markets, HSBC, ING, J.P. Morgan, Morgan Stanley, NatWest Markets and Société Générale Corporate & Investment Banking.
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