BPPEH Completes €407 Million Tender Offer for 2025 Bonds at a 5% Discount
BPPEH has successfully completed a tender offer across its €650 million 2.200% fixed rate notes due July 2025 and £350 million 2.000% fixed rate notes due October 2025. The transaction reflects BPPEH’s ongoing commitment to proactively manage its financial liabilities.
BPPEH accepted all offers received for a total nominal value of €407 million and a total cash consideration of €387 million, reflecting a discount of 5% and exceeding the €350 million originally targeted.
The results of the tender offer can be found here.
About BPPEH
Blackstone Property Partners Europe Holdings S.à r.l. (“BPPEH”) invests in high-quality, substantially stabilised real estate assets across Europe. Investments are concentrated primarily in the logistics, residential and office sectors, with a focus on major European markets and key gateway cities. BPPEH is 100% owned by Blackstone Property Partners Europe.