DGAP-News: TLG IMMOBILIEN AG successfully places perpetual notes and bonds in total amount of EUR 1 Billion EUR (deutsch)

TLG IMMOBILIEN AG successfully places perpetual notes and bonds in total amount of EUR 1 Billion EUR

DGAP-News: TLG IMMOBILIEN AG / Schlagwort(e): Immobilien/Fusionen &
Übernahmen
TLG IMMOBILIEN AG successfully places perpetual notes and bonds in total
amount of EUR 1 Billion EUR

17.09.2019 / 19:57
Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.

TLG IMMOBILIEN AG successfully places Subordinated unsecured and Senior
Notes in total amount of EUR 1 Billion EUR

- EUR 500 million three-year senior unsecured notes

- EUR 500 million perpetual subordinated notes with first reset date in 2024

- Blended interest rate of 1,875% per year

- Establishes long term financing for TLG's acquisition of the shares of
Aroundtown and future growth

Berlin, 17 September 2019 - TLG IMMOBILIEN AG (ISIN: DE000A12B8Z4),
announced today the successful raising of EUR 1 Billion EUR in form of a
three-year unsecured notes (EUR 500 million) as well as perpetual
subordinated notes (EUR 500 million) with first reset date in 2024. The
combined offering has a blended coupon of 1.875% per year (3.375% for the
perpetual notes and 0.375% for the unsecured bond).

The net proceeds from these issuances allow TLG to finance completely the
recent acquisition of a stake of 9.99% in the share capital of Aroundtown
S.A. and in subject to regulatory approvals, to finance the potential
exercise of the option to acquire an additional stake of up to 4.99% in the
share capital of Aroundtown using a long term capital structure.

The issuance of the perpetual subordinated bond further supports TLG rating
agencies' metrics and provides headroom for additional growth. Recently,
both Standard & Poor's and Moody's have given a positive outlook on the
ratings of TLG IMMOBILIEN (BBB by Standard & Poor's and Baa2 by Moody's) in
light of the prospect of a potential merger with Aroundtown.

Barak Bar-Hen, Chief Executive Officer of TLG IMMOBILIEN AG: "We appreciate
the fact that the debt market and rating agencies support this 1 Bn EUR
placement, underlined by 2.7x order book oversubscription. The subordinated
bond also ensures that we now have the appropriate equity cushion from a
rating agencies perspective for the entire 15% stake in Aroundtown. We have
now taken an important further step towards a successful merger with
Aroundtown. We look forward to launching the discussions with Aroundtown
regarding the best technical way to execute the potential merger with the
view to becoming a leading commercial player in Europe."

Gerald Klinck, Chief Financial Officer of TLG IMMOBILIEN AG: "The dividend
yield of 3.3% of the Aroundtown stake and the interest costs of 1.875%
provide us with an FFO-accretion from day one."

JP Morgan and Deutsche Bank successfully led both transactions.

CONTACT

     Christoph Wilhelm                   Lisa Geppert
     Corporate Communications            Investor Relations

     Phone: [phone]             Phone: [phone]
     E-mail: [e-mail]    E-mail: [e-mail]
ABOUT TLG IMMOBILIEN AG

For over 25 years, the listed company TLG IMMOBILIEN AG has owned and rented
out commercial properties in selected promising locations in Germany. The
company continuously develops its portfolio and actively generates value
through strategic investments and selected property acquisitions. As at 30
June 2019, its portfolio contains properties worth EUR 4.6 bn. As at the
same reporting date, the adjusted EPRA Net Asset Value per share amounted to
EUR 29.77. The portfolio comprises office properties in cities including
Berlin, Dresden, Frankfurt/Main, Leipzig and Rostock. It also contains a
regionally diversified portfolio of retail properties, primarily in the
neighbourhood shopping segment, in promising micro-locations as well as
seven hotels in top central locations. The properties of TLG IMMOBILIEN AG
stand out not only due to their excellent locations but also because of
their long-term rental or lease agreements. Its highly qualified employees
guarantee extensive local market expertise at its individual locations.

17.09.2019 Veröffentlichung einer Corporate News/Finanznachricht,
übermittelt durch DGAP - ein Service der EQS Group AG.
Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.

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Sprache:        Deutsch
   Unternehmen:    TLG IMMOBILIEN AG
                   Hausvogteiplatz 12
                   10117 Berlin
                   Deutschland
   Telefon:        030 - 2470 - 50
   Fax:            030 - 2470 - 7337
   E-Mail:         [e-mail]
   Internet:       www.tlg.de
   ISIN:           DE000A12B8Z4
   WKN:            A12B8Z
   Indizes:        SDAX
   Börsen:         Regulierter Markt in Frankfurt (Prime Standard);
                   Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
                   Stuttgart, Tradegate Exchange
   EQS News ID:    875251

   Ende der Mitteilung    DGAP News-Service
875251 17.09.2019

	 ISIN  DE000A12B8Z4

	AXC0251    2019-09-17/19:57