9:30 21 July 2021
Mint offers €123 million for remaining Legacy Tower shares and bond redemption
The Mint of Poland has decided to make an offer to purchase the remaining 50% of shares of Mennica Towers GGH MT (which is a direct owner of the investment of Mennica Legacy Tower in Warsaw), to ensure repayment of bonds issued by it and to purchase shares in GGH MT by a subsidiary under the name of Mennica Polska Spółka Akcyjna Tower S.K.A., the Mint announced.
The price for the shares, the price for the shares, and the amount of repayment of the bonds will constitute a total of EUR 123 million. On the basis of the offer Mennica Polska Spółka Akcyjna Tower S.K.A. (investor) The price for the shares, the price for the shares, and the amount of the repayment of the bonds will constitute a total amount of EUR 123 million. The transaction will be financed in part with proceeds from a loan under a loan agreement to be entered into between, among others, the SPV as a borrower, Aaeral Bank AG as a lender, and Berlin Hyp AG as lender and collateral agent, the release stated.
The offer includes a mechanism for retaining a portion of the transaction value, and the release of the retained funds is subject to the fulfillment of conditions set forth in the offer. The total amount of the retained transaction value as of the date of the offer is EUR 3,405,000. The offer is valid for 14 days, we read further.
