Mercialys Launches a Bond Exchange Operation

Regulatory News :

Mercialys (Paris:MERY) has launched today a bond exchange operation.

The Company has successfully placed a Euro 550 million bond issue, with a maturity of more than 8 years (March 31, 2023). This issue is based on a 98 bp spread over the mid-swap rate and a 1.787% coupon. The bonds were more than 4 times oversubscribed, confirming the level of interest among French investors, as well as pan-European investors, who subscribed for more than half of this placement.

Alongside this, Mercialys has announced the opening of a tender offer, scheduled to close on November 25, 2014, for its bonds maturing in March 2019.

These operations are in line with the strategy to further strengthen Mercialys’ financial structure, aiming to extend the maturity of its resources and optimize their cost, while covering repayments for its upcoming debt maturities and financing its development.

Mercialys is rated BBB / outlook stable by Standard & Poor’s.

BNP Paribas, Crédit Agricole CIB, HSBC, Natixis, Royal Bank of Scotland and Société Générale have acted as the bookrunners.

Not for distribution in the United States, Australia, Canada or Japan. This press release does not constitute an offer of securities in the United States or in any other country. The bonds may not be offered or sold in the United States of America unless they are registered or exempt from registration under the U.S. Securities Act of 1933, as amended. Mercialys does not intend to register all or part of the offering in the United States or to conduct a public offering in the United States.

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The press release is available on www.mercialys.com

About Mercialys

Mercialys is one of France's leading real estate companies, focused exclusively on retail property. At June 30, 2014, Mercialys had a portfolio of 2,170 leases, representing a rental value of 137.5 million euros on an annualized basis.
At June 30, 2014, it owned properties with an estimated value of 2.6 billion euros (including transfer taxes). Mercialys has had "SIIC" real estate investment trust (REIT) tax status since November 1, 2005 and has been listed on Euronext Paris Compartment A (ticker: MERY) since its initial public offering on October 12, 2005. At June 30, 2014, there were 92,049,169 shares outstanding.

IMPORTANT INFORMATION
This press release contains certain forward-looking statements about future events, trends, projects or targets.
These forward-looking statements are subject to identified and unidentified risks and uncertainties that could cause actual results to differ materially from the results anticipated in the forward-looking statements. Please refer to the Mercialys shelf registration document available at www.mercialys.com for the year ended December 31, 2013 for more details regarding certain factors, risks and uncertainties that could affect Mercialys' business.
Mercialys makes no undertaking in any form to publish updates or adjustments to these forward-looking statements, nor to report new information, new future events or any other circumstances that might cause these statements to be revised.