Related Issuers
by Pankti Antani
Jul 24, 2025 11:11 AM ET
Alexandrite Lake Lux Holdings Sarl/ Savoy Luxembourg Holdings Sarl (Alstria Holdco)(ALXDRT) EUR300m (WNG) 144A/Reg S sr sec notes due 07/30/30 (5y). NC2 (07/30/27) (MWC B+50bp) then on 07/30/27 at 103.3750, 07/30/28 at 101.6875, 07/30/29 and thereafter at 100. Equity claw: 2y 40% at 106.750. Special call: 10% per year the 1st 2 years. NR/B+/BB- (--/negative/stable). Via BNP (B&D) sole books/MS/CACIB/DB/SocGen/BofA passive book. CoC at 101. No reg rights. List ISE. NY law. Day count 30/360. Pays January 30 and July 30, starting 01/30/26. Denoms 100x1. Reg S ISIN: XS3104473312. Settles 07/30 (T+4). IPT: Low 7s. Price talk: 6.75%-7.00%.
Priced: 6.75% at 100. +459bp vs DBR 0% 08/15/30.
Roadshow (group meetings) 07/22-07/23 (did investor call at 10:30am UKT/11:30am CET 07/22). Books closed at 2pm UKT/3pm CET 07/24. UOP: along with EUR515m equity contribution from equity sponsor Brookfield, to refinance in full the EUR800m holdco bridge loan incurred in 2022 to fund Brookfield's acquisition of Alstria. Biz: 100% owner of Alstira, a leading German real estate company focused on acquiring, owning, and managing office real estate. HQ: Hamburg, Germany.
Deal Roadshow: https://dealroadshow.com/e/ALSTRIA25GIC. Code: ALSTRIA25GIC.