Wereldhave succesfully secures long term funding

Wereldhave N.V. succesfully secures us private placement funding of EUR 86 million with a tenor of 10 years at all in cost of 2.9%

Wereldhave N.V. (’Wereldhave’) has reached agreement with US and UK institutional investors to issue US Private Placement Notes for a total amount of approximately EUR 86 million equivalent.

With this US Private Placement Wereldhave extends the maturity profile of its debt in a low interest rate environment. The transaction closed today.

 The notes are denominated in US Dollars (70 million) and British Pounds (15 million) and have a tenor of 10 years.

 The notes have been swapped into Euros at fixed interest rates, until maturity. The weighted average interest cost for Wereldhave is 2.9% (after currency and interest rate swaps).

 Wereldhave has tapped the US private placement market successfully since 2011. Through this placement, Wereldhave was able to further diversify its investor base, in addition to receiving support from its existing lenders. The company is thankful to these investors for their continued support.

 Barclays acted as sole agent in this transaction. Swaps were effectuated with ING and Barclays