ICADE (EPA:ICAD) - ICADE LAUNCHES AN OFFER TO PURCHASE THREE EXISTING BONDS

Transparency directive : regulatory news

20/02/2019 17:40

PRESS RELEASE
Issy-Les-Moulineaux, February 20, 2019

          ICADE LAUNCHES AN OFFER TO PURCHASE THREE EXISTING BONDS

Icade has launched today an offer to purchase 3 existing bonds in cash:

* EUR500 million bonds maturing on 16 April 2021, with a 2.25% coupon (of which
  EUR304,600,000 are currently outstanding) (ISIN: FR0011847714);
* EUR500 million bonds maturing on 14 September 2022, with a 1.875% coupon (of
  which EUR483,900,000 are currently outstanding) (ISIN: FR0012942647); and
* EUR300 million bonds maturing on 29 September 2023, with a 3.375% coupon (of
  which EUR300,000,000 are currently outstanding) (ISIN: FR0011577188).

The end of the purchase offer is scheduled for February 27, 2019. HSBC Bank plc
and Société Générale are acting as bookrunners on this purchase offer, and
White & Case as legal adviser.

Icade is rated BBB+ with a stable outlook by S&P.

With this transaction, Icade is pursuing the dynamic management of its
liabilities, which aims at optimizing maturity and average cost of debt.

                                 Disclaimer

This announcement does not constitute an invitation to participate in the
tender offer for the bonds (the "Tender Offer") in or from any jurisdiction in
or from which, or to or from any person to or from whom, it is unlawful to make
such invitation under applicable securities laws. The distribution of this
announcement in certain jurisdictions may be restricted by law. Persons into
whose possession this announcement comes are required to inform themselves
about, and to observe, any such restrictions.

Tenders of bonds for purchase pursuant to the Tender Offer will not be accepted
from Qualifying Holders in any circumstances in which such offer or
solicitation is unlawful. Icade does not make any recommendation as to whether
or not Qualifying Holders should participate in the Tender Offer.

                                ABOUT ICADE

                         Building for every future

As an investor and a developer, Icade is an integrated real estate player which
designs innovative real estate products and services adapted to new urban
lifestyles and habits. By placing corporate social responsibility and
innovation at the core of its strategy, Icade is closely involved with
stakeholders and users in the cities-local authorities and communities,
companies and employees, institutions and associations... As an office and
healthcare property investor (portfolio value of EUR11.3bn as of 12/31/18 on a
proportionate consolidation basis) and as a property developer (2018 economic
revenues of EUR1,251m), Icade has been able to reinvent the real estate
business and foster the emergence of tomorrow's greener, smarter and more
responsible cities. Icade is a significant player in the Greater Paris area and
major French cities. Icade is listed on Euronext Paris as a French Listed Real
Estate Investment Company (SIIC). Its leading shareholder is the Caisse des
dépôts Group.

The text of this press release is available on the Icade website: www.icade.fr

CONTACTS

Anne-Sophie Lanaute,
Head of financial communication
and investor relations
+33(0)1 41 57 70 29
anne-sophie.lanaute@icade.fr

Charlotte Pajaud-Blanchard,
Press relations manager
+33(0)1 41 57 71 19

charlotte.pajaud-blanchard@icade.fr

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ICADE (EPA:ICAD) - ICADE LAUNCHES AN OFFER TO PURCHASE THREE EXISTING BONDS

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