URW announces the successful results of the tender offer on its NC2028 Hybrid Notes

Paris, April 3, 2025

Press launch

URW announces the successful results of the tender offer on its NC2028 Hybrid Notes

UNIBAIL-RODAMCO-WESTFIELD SE (“URW” or the “Group”) announces the results of the tender offer that was launched on March 26, 2025 and expired on April 2, 2025 at 4:00 p.m. (Paris time).

€939.2 Mn of the combination principal quantity of the €995 Mn 7.250% Hybrid Perp-NC 2028 notes (“NC2028 Hybrid Notes”) have been validly tendered, akin to a 94.4% participation charge.

In keeping with the Phrases and Circumstances of the Tender Offer Memorandum, the Group confirms it should settle for all validly tendered NC2028 Hybrid Notes for buy and can proceed with the train of its ‘minimal excellent quantity name choice’ on the remaining NC2028 Hybrid Notes not tendered. Consequently, the Group won’t settle for for buy any of the €750 Mn 2.875% Perp-NC 2026 notes validly tendered.

The tender offer shall be funded from the internet proceeds of the €815 Mn 4.875% Perp-NC 5.5 Notes priced on March 26, 2025 and from accessible money. The settlement of the tender will happen on the April 7, 2025.

Due to this successful operation, the Group improves the common coupon of its hybrid portfolio, reduces its hybrid stack whereas extending the common interval to the first reset date of its hybrid notes.

For extra data, please contact:

Investor Relations
Meriem Delfi
+33 7 63 45 59 77
investor.relations@urw.com

Juliette Aulagnon
+33 6 15 74 20 43
investor.relations@urw.com

Imane Rafiky
+33 6 10 95 86 88
investor.relations@urw.com

Media Relations 
UK/World:
Cornelia Schnepf – FinElk
+44 7387 108 998
Cornelia.Schnepf@finelk.eu

France:
Etienne Dubanchet – PLEAD
+33 6 62 70 09 43
Etienne.Dubanchet@plead.fr

About Unibail-Rodamco-Westfield

Unibail-Rodamco-Westfield is an proprietor, developer and operator of sustainable, high-quality actual property belongings in the most dynamic cities in Europe and the United States.

The Group operates 67 procuring centres in 11 nations, together with 39 which carry the iconic Westfield model. These centres appeal to over 900 million visits yearly and supply a singular platform for retailers and types to attach with shoppers. URW additionally has a portfolio of high-quality places of work, 10 conference and exhibition venues in Paris, and a €3.5 Bn growth pipeline of primarily mixed-use belongings. Its €50 Bn portfolio is 87% in retail, 6% in places of work, 5% in conference and exhibition venues, and a couple of% in companies (as at December 31, 2024).

URW is a dedicated accomplice to main cities on city regeneration tasks, via each mixed-use growth and the retrofitting of buildings to industry-leading sustainability requirements. These commitments are enhanced by the Group’s Higher Locations plan, which strives to make a optimistic environmental, social and financial affect on the cities and communities the place URW operates.

URW’s stapled shares are listed on Euronext Paris (Ticker: URW), with a secondary itemizing in Australia via Chess Depositary Pursuits. The Group advantages from a BBB+ ranking from Customary & Poor’s and from a Baa2 ranking from Moody’s.

For extra data, please go to www.urw.com

• URW announces the successful results of the tender offer on its NC2028 Hybrid Notes