Ad hoc Notification pursuant to Article 17 MAR

alstria intends to issue a corporate bond with a nominal value of EUR 500,000,000 and announces invitation to tender for purchase existing corporate bonds
 

• alstria office REIT-AG intends to issue a corporate bond with a nominal value of EUR 500,000,000
• Invitation to holders of existing corporate bonds (ISIN: XS2053346297, XS2191013171 and XS1717584913) to offer their bonds to alstria office REIT-AG subject to the successful issuance of the new corporate bond

 
Hamburg, March 10, 2025 –The management board of alstria office REIT-AG (Symbol: AOX, ISIN: DE000A0LD2U1 (shares), ISIN: XS2053346297 (Bond 2025), ISIN: XS2191013171 (Bond 2026), ISIN: XS1717584913 (Bond 2027)) resolved on March 10, 2025 its intention to issue an unsecured, fixed rate corporate bond with a nominal amount of EUR 500,000,000 (the “New Notes”).
 
The New Notes will have a maturity of approx. 6 years with a denomination of EUR 100,000. The final conditions of the New Notes, in particular the interest rate and the issue price will be fixed following the conclusion of the bookbuilding. The proceeds from the issuance of the New Notes will be used to refinance existing debt and for general corporate purposes.
 
alstria office REIT-AG expects a rating of ‘BB+’ from Standard & Poor’s for the New Notes. The New Notes will be admitted to trading on the Euro MTF market of the Luxembourg Stock Exchange. The identification numbers for the New Notes are: ISIN: XS3025437982, Common Code: 302543798.
 
In addition, alstria office REIT-AG invites holders of its existing EUR 400,000,000 0.5% Notes due 2025 with an outstanding amount of EUR 335,200,000 (the “2025 Notes”, ISIN: XS2053346297), EUR 350,000,000 1.5% Notes due 2026 with an outstanding amount of EUR 334,100,000 (the “2026 Notes”, ISIN: XS2191013171) and EUR 350,000,000 1.5% Notes due 2027 with an outstanding amount of EUR 311,400,000 (the “2027 Notes”, ISIN: XS1717584913; together with the 2025 Notes and the 2026 Notes, the “Notes”) to tender such Notes for purchase by alstria office REIT-AG for cash on the terms and subject to the conditions set forth in the tender offer memorandum dated March 10, 2025 (the “Tender Offer Memorandum”), in particular subject to the successful completion of the issuance of the New Notes.
 
alstria office REIT-AG currently intends to accept for purchase Notes up to an aggregate nominal amount equal to the aggregate principal amount of the New Notes. However, alstria office REIT-AG reserves the right, in its sole discretion, to increase or decrease this amount.
 
alstria office REIT-AG will pay (for Notes accepted for purchase by it) a purchase price of 99.000% for the 2025 Notes, of 97.875% for the 2026 Notes and of 94.000% for the 2027 Notes, as described in the Tender Offer Memorandum. alstria office REIT-AG will also pay accrued interest in respect of the Notes accepted for purchase pursuant as set forth in the Tender Offer Memorandum.
 
The invitation period commences on March 10, 2025 and will expire on March 18, 2025 at 5.00 pm CET, unless extended or earlier terminated by alstria office REIT-AG. The final results will be announced as soon as reasonably practicable thereafter.
 
The Tender Offer Memorandum is available via the Tender Agent (Kroll Issuer Services Limited).

Contact:
[email protected]
Ralf Dibbern 
Manager Reporting & Advisory
Steinstrasse 7
20095 Hamburg, Germany    

Further Information 
www.alstria.com
www.beehive.work
www.linkedin.com/company/alstria-office-reit-ag

About alstria

alstria office REIT AG is the leading real-estate operator focusing solely on German office property in selected German markets. Our strategy is based on the ownership and an active management of our properties throughout their entire life cycle, strong added-value services to our customers and deep knowledge of the markets in which we operate. alstria strives for sustainable long-term value creation while taking advantage of short-term arbitrage of inefficiencies in the real estate markets. 

Disclaimer
This release constitutes neither an offer to sell nor a solicitation of an offer to buy any shares. As far as this press release contains forward-looking statements with respect to the business, financial condition and results of operations of alstria office REIT-AG (alstria), these statements are based on current expectations or beliefs of alstria’s management. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those reflected in such forward-looking statements. Apart from other factors not mentioned here, differences could occur as a result of changes in the overall economic situation and the competitive environment – especially in the core business segments and markets of alstria. Also, the development of the financial markets and changes in national as well as international provisions particularly in the field of tax legislation and financial reporting standards could have an effect. Terrorist attacks and their consequences could increase the likelihood and the extent of differences. 

alstria undertakes no obligation to publicly release any revisions or updates to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.