Aroundtown SA (DE:AT1) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Aroundtown SA has announced the successful completion of its exchange and tender offers in GBP and USD, achieving a high acceptance rate for its perpetual notes and issuing new ones, leading to a combined total acceptance of approximately €2.8 billion across all offers. This strategic financial maneuver is set to improve the company’s credit metrics and reduce long-term coupon payments, thereby enhancing its free funds from operations (FFO). Aroundtown SA is the largest listed German commercial real estate company, with a strong S&P credit rating.
For further insights into DE:AT1 stock, check out TipRanks’ Stock Analysis page.
