EVANGroup plc introduces new Covenants to its 2017/22 6% EUR 125 million Senior Unsecured Bond

Valletta, 20. November 2017

  • Based on institutional investor review
  • EVAN adds further Covenants to its 2017/22 6% EUR 125 million Senior Unsecured Bond

EVANGroup plc („EVAN“) (ISIN DE000A19L426 / WKN A19L42)announces that following an investor review, the Board of Directors has decided to introduce further Financial Covenants to its 2017/22 EUR 125 Mio. Bond-Issue (“Bond”). These covenants include amongst other maximum LTV- and ICR-levels, the introduction of a Change of Control clause and further notice obligations.

“Following intensive discussions with our principal investor, we conducted a review of the Bond conditions in order to assure the attractiveness of our Bond also in case the economic environment changes.” says Dr. Michael Nave, CEO of EVAN. “The introduction of further financial and corporate governance covenants position our Bond apart from the group of covenant-light financings that currently prevail in the market.”

The amendments of the Terms and Conditions (including editorial changes) can be downloaded on the company’s homepage under www.evan-group.com.

About EVANGroupplc:

EVANGroup plc is an institutional owner operator of commercial properties in the top 10 German cities, using their longstanding experience to create value in underserved niche markets, such as micro living for students and professionals, worker’s accommodation and specialty commercial properties. With the same ownership structure and now on an institutional basis, EVAN continues the success story of UNIMO Real Estate Holding AG which already lasted more than two decades.

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