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Aggregate Financial Services advised on the issuance of a successfully placed senior unsecured bond of Aggregate Holdings SA with a total nominal amount of EUR 400m.

Aggregate Holdings SA successfully issued a senior bond with a total nominal amount of EUR 400,000,000. The bond was underwritten by Deutsche Bank and Santander and placed with institutional investors today, through a combination of an exchange offer and a new issue. The EUR 400m bond has been issued at par with a 6.875% p.a. coupon and a maturity of five years (due November 2025). EUR 282,942,000 of the existing EUR 350m notes due 2021 were tendered for exchange into the new bond.

The net proceeds from the issue will be used for the refinancing of the remaining outstanding portion of the EUR 350m notes due August 2021, general corporate purposes and investment opportunities.

The bonds are governed by German law and are expected to be listed on the Euro MTF Market of the Luxembourg Stock Exchange.

Benjamin Lee, CFO of Aggregate Holdings SA, commented: “Throughout the process, we had very good institutional investor feedback reflecting on the strength of our asset base and the future potential of the company. We look forward to engaging with investors going forward as the company delivers on its milestones.”

Aggregate Financial Services advised Aggregate Holdings SA in relation to the structuring and placement of the bond.


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