Slaughter and May advised Hammerson plc (“Hammerson”) on the establishment of a new £5,000,000,000 Euro Medium Term Note programme (the “Programme”). The Programme enables Hammerson to issue notes which are admitted to trading on the Main Market of the London Stock Exchange.
Following the establishment of the Programme, Slaughter and May advised Hammerson on an issuance of £400,000,000 5.875 per cent. Fixed Rate Notes due 2036 (the “Notes”). The Notes have been assigned a rating of Baa2 by Moody’s and BBB+ by Fitch.
Slaughter and May also advised Hammerson on an accompanying tender pursuant to which it repurchased £168,419,000 in aggregate nominal amount of its £300,000,000 7.25 per cent. Bonds due 2028 and £284,207,000 in aggregate nominal amount of its £300,000,000 6.00 per cent. Bonds due 2026.
Hammerson is an owner, operator and developer of prime urban real estate, with a managed group portfolio value of £2.6 billion, in some of the fastest growing cities in the UK, Ireland and France.
Conor McKee / Trainee