Aroundtown - comment

AroundTown is further extending its debt maturity profile after similar refinancing transactions earlier this year. This will further support bond prices.

The company has issued a new €850 million 5-year senior unsecured bond carrying a 3.625% coupon, its first euro senior bond of 2026, with strong demand resulting in an oversubscribed order book. Proceeds will support a tender offer for €1.5 billion of notes due in 2027 and 2029, allowing the company to refinance near-term maturities and further optimise its capital structure.