VIVION announces private placement of EUR 200mn convertible bond.
Luxembourg, 14 August 2020
Vivion announces private placement of EUR 200mn convertible bond
Vivion Investments s.á r.l. (‘the Company’) announces the successful private placement of €200m senior unsecured bonds convertible into shares of the Company (the “Bonds”).
The Bonds have a maturity of five years, a coupon of 2.25%, and are convertible at the option of an investor following an initial public offering. The Bonds were placed by the Company to a global institutional investor.
The net proceeds of the offering will be used to drive future growth and to continue to acquire real estate assets.
Vivion is delighted to announce this first capital markets transaction for 2020, amidst Covid-19 developments. The placement of our first convertible bond marks an important milestone for us, as we embark on the next stage of our corporate development. We are delighted that a leading global institutional investor has chosen to invest in our Company and our proven ability to seize value-creating opportunities.
Barclays Bank PLC acted as placement agent in connection with the offering.
Contact for more Information
Daan Bras – Investor Relations
T +31 652 0900 26
daan.bras@vivion.eu
This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities in the United States, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or country. The Bonds have been offered and sold only outside the United States to non-U.S. persons in accordance with Regulation S. No offering of Bonds has been or will be made in the United States. The issued Bonds are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area (“EEA”). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, “MiFID II”), (ii) a customer within the meaning of Directive 2016/97/EU (as amended), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II, or (iii) not a qualified investor as defined in Regulation (EU) 2017/1129 (as amended or superseded). Consequently no key information document required by Regulation (EU) No 1286/2014 (as amended, the “PRIIPs Regulation”) for offering or selling the Bonds or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the Bonds or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPS Regulation. In the United Kingdom, this communication is for distribution only to persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Financial Promotion Order”), (ii) are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc.”) of the Financial Promotion Order, or (iii) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the FSMA) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “relevant persons”). This communication is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons. This press release may include projections and other “forward-looking” statements within the meaning of applicable securities laws. Any such projections or statements reflect the current views of the Ccompany about further events and financial performance. No assurances can be given that such events or performance will occur as projected and actual results may differ materially from these projections.
Barclays Bank PLC (“Barclays”) is authorised by the Prudential Regulatory Authority (the “PRA”) and regulated in the United Kingdom by the PRA and the Financial Conduct Authority. Barclays is acting exclusively for the Company and no one else in connection with the matters described in this announcement. Barclays will not regard any other person as its client in relation to the matters described in this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice to any other person in relation to the matters referred to in this announcement. This announcement has been issued by and is the sole responsibility of the Company. No representation or warranty, express or implied, is or will be made as to, and no responsibility or liability is or will be accepted by Barclays or its affiliates as to the accuracy or completeness of this announcement or any other written or oral information made available to or publicly available to any interested party or its advisers.
Vivion announces publication of FY 2019 results
Luxembourg, 30 April 2020
Vivion announces publication of FY 2019 results
Vivion Investments s.á r.l. (‘the Company’) announces that it has published its full year 2019 financials today, demonstrating a strong development of GAV, achieved by continuous acquisition activities and stable operational results of its portfolio.
The financial statements for the financial year 2019 together with a report on the results of operations and financial condition are available on the Company’s website: https://vivion.eu/investor-relations/
A pre-recorded investor call will be available on Monday 4 May 2020 – 1pm CET. The call will be available till Friday 8 May 5pm CET. Dial in details:
UK: 020 3936 3001
USA: 1 845 709 8569
All other locations: +44 20 3936 3001
Access Code: 177049
The Company will be available for follow up questions regarding the FY 2019 results by email on the below address:
Contact for more Information
Daan Bras – Investor Relations
T +31 652 0900 26
daan.bras@vivion.eu
Disclaimers
This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities in the United States, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or country. The Notes have been offered and sold only outside the United States to non-U.S. persons in accordance with Regulation S. No offering of Notes has been or will be made in the United States. The issued Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area (“EEA”). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail
client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, “MiFID II”), (ii) a customer within the meaning of Directive 2016/97/EU (as amended), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II, or (iii) not a qualified investor as defined in Regulation (EU) 2017/1129 (as amended or superseded). Consequently no key information document required by Regulation (EU) No 1286/2014 (as amended, the “PRIIPs Regulation”) for offering or selling the Notes or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPS Regulation. In the United Kingdom, this communication is for distribution only to persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Financial
Promotion Order”), (ii) are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc.”) of the Financial Promotion Order, or (iii) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the FSMA) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “relevant persons”). This communication is directed only at relevant persons and must not be acted on or relied on by
persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons. This press release may include projections and other “forward-looking” statements within the meaning of applicable securities laws. Any such projections or statements reflect the current views of the company about further events and financial performance. No assurances can be given that such events or performance will occur as projected and actual results may differ materially from these projections.
COVID-19 update: Vivion confirms strong liquidity position and reports stable top line performance
Luxembourg, 14 April 2020
COVID-19 update: Vivion Investments S.à r.l. ('Vivion') confirms strong liquidity position and reports stable top line performance.
The Coronavirus pandemic has created disturbance to global civilisation and the economy. However, Vivion believes that its resilient capital structure together with the geographic, asset and tenant diversification within its real estate portfolio places it in a strong position to manage this currently challenging market environment.
The Group’s portfolio has not seen any material deviation in top line performance across both the UK and Germany: all rents have been received for the UK portfolio up until and including June 2020 and only a small portion of tenants in Germany have requested rent deferrals, for which short-term solutions will be sought together with the tenant.
In the UK, a number of hotel operators have secured significant revenue generating opportunities with the UK authorities to enhance their income and cash flow. We are in close contact with our tenants, the hotel operators, that continue to stay up to date with new guidance and packages introduced by the UK government. Furthermore, the hotel operators are minimizing operational expenses at this time, including furloughing employees to access government funding under the COVID-19 Job Retention scheme, thus minimizing payroll costs.
From a funding perspective, the Group has a sufficient liquidity position to cover all expected cash outflows for the foreseeable future, even if the current situation of the shutdowns will be prolonged. The shareholder group remains committed to providing adequate liquidity to Vivion, as demonstrated by its equity injection in January 2020 and the capital raise at Golden Capital Partners completed in March 2020, creating a total influx of cash of EUR €520m. The Group has no material debt expiring in the foreseeing future (2020-2022). The Company’s conservative LTV and unencumbered asset ratio provide several financing options should further access to capital markets be required in the near future.
The Group is continuously monitoring the portfolio for all developments regarding Covid-19 and is following all guidance. The Group has also implemented a programme to actively reduce operating expenses, postpone non-essential capital expenditure where realistically possible and make use of any relevant facilities or arrangements provided by the various national authorities to assist companies through the crisis. The Group is already prepared to increase the scope of these measures if the crisis were to persist for an extended period.
Contact for more Information
Daan Bras – Investor Relations T
T +31 652 0900 26
daan.bras@vivion.eu
Disclaimers
This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities in the United States, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or country. The Notes have been offered and sold only outside the United States to non-U.S. persons in accordance with Regulation S. No offering of Notes has been or will be made in the United States. The issued Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area (“EEA”). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail
client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, “MiFID II”), (ii) a customer within the meaning of Directive 2016/97/EU (as amended), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II, or (iii) not a qualified investor as defined in Regulation (EU) 2017/1129 (as amended or superseded). Consequently no key information document required by Regulation (EU) No 1286/2014 (as amended, the “PRIIPs Regulation”) for offering or selling the Notes or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPS Regulation. In the United Kingdom, this communication is for distribution only to persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Financial
Promotion Order”), (ii) are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc.”) of the Financial Promotion Order, or (iii) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the FSMA) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “relevant persons”). This communication is directed only at relevant persons and must not be acted on or relied on by
persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons. This press release may include projections and other “forward-looking” statements within the meaning of applicable securities laws. Any such projections or statements reflect the current views of the company about further events and financial performance. No assurances can be given that such events or performance will occur as projected and actual results may differ materially from these projections.
Vivion completes capital raise in Golden Capital Partners
Luxembourg, 9 March 2020
Vivion successfully completes capital raise in its subsidiary Golden Capital Partners SA
Vivion Investments S.á r.l. (“Vivion”) announces the successful completion of a capital increase in its subsidiary Golden Capital Partners SA (“Golden“) in which Vivion and Golden co-investors contributed capital in the aggregate amount of €556.6 million.
The Golden Capital raise reiterates Vivion’s ability to continue to attract outside capital from global institutional investors to support its continued growth in Germany. The latest capital contribution in Golden follows a €250.0 million capital contribution from Vivion’s controlling shareholders into Vivion, at the beginning of 2020 to support Vivion’s growth plan and strategy while maintaining a strong capital base.
Both contributions, further enhance Vivion’s balance sheet, reduce its Net LTV and enhance financial strength.
Contact for more Information
Daan Bras – Investor Relations T
T +31 652 0900 26
daan.bras@vivion.eu
Disclaimers
This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities in the United States, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or country. The Notes have been offered and sold only outside the United States to non-U.S. persons in accordance with Regulation S. No offering of Notes has been or will be made in the United States. The issued Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area (“EEA”). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail
client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, “MiFID II”), (ii) a customer within the meaning of Directive 2016/97/EU (as amended), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II, or (iii) not a qualified investor as defined in Regulation (EU) 2017/1129 (as amended or superseded). Consequently no key information document required by Regulation (EU) No 1286/2014 (as amended, the “PRIIPs Regulation”) for offering or selling the Notes or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPS Regulation. In the United Kingdom, this communication is for distribution only to persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Financial
Promotion Order”), (ii) are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc.”) of the Financial Promotion Order, or (iii) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the FSMA) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “relevant persons”). This communication is directed only at relevant persons and must not be acted on or relied on by
persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons. This press release may include projections and other “forward-looking” statements within the meaning of applicable securities laws. Any such projections or statements reflect the current views of the company about further events and financial performance. No assurances can be given that such events or performance will occur as projected and actual results may differ materially from these projections.