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2 April 2025, (2 p.m. CEST), Antwerp, Belgium: Today, VGP NV, the pan-European owner, manager and developer of high quality logistics and semi-industrial properties as well as a provider of renewable energy solutions, (“VGP” and the “Offeror”) announces the final results of its capped tender offer (the “Offer”) for its outstanding EUR 500,000,000 1.625 per cent. fixed rate green bonds due 17 January 2027 (ISIN: BE6332786449) (the “2027 Bonds”) and EUR 600,000,000 1.50 per cent. fixed rate green bonds due 8 April 2029 (ISIN: BE6327721237) (the “2029 Bonds” and together with the 2027 Bonds, the “Bonds”) for cash up to the Maximum Acceptance Amounts (as defined in the Tender Offer Memorandum (as defined below)).
The Offer was announced on 25 March 2025 and was made on the terms and subject to the conditions contained in the tender offer memorandum dated 25 March 2025 (the “Tender Offer Memorandum”).
VGP announces that the final Series Acceptance Amounts are EUR 179,900,000 in aggregate principal amount for the 2027 Bonds and EUR 20,100,000 in aggregate principal amount for the 2029 Bonds. Furthermore, VGP announces that the Final Acceptance Amount is set at EUR 200,000,000 and that the New Issue Condition has been satisfied. Bondholders can find more information in the tender final results announcement which is available on the website of VGP at https://www.vgpparks.eu/en/investors/financial-debt/ (the “Tender Final Results Announcement”).
ABOUT VGP
VGP is a pan-European owner, manager and developer of high-quality logistics and semi-industrial properties as well as a provider of renewable energy solutions. VGP has a fully integrated business model with extensive expertise and many years of experience along the entire value chain. VGP was founded in 1998 as a family-owned Belgian property developer in the Czech Republic and today operates with a staff of circa 380 FTEs in 18 European countries directly and through several 50:50 joint ventures. As of December 2024, the Gross Asset Value of VGP, including the joint ventures at 100%, amounted to € 7.8 billion and the company had a Net Asset Value (EPRA NTA) of € 2.4 billion. VGP is listed on Euronext Brussels (ISIN: BE0003878957). For more information, please visit: https://www.vgpparks.eu/en/.