Vantage Towers AG: Vantage Towers Successfully Prices €2.2bn Debut Bond

Düsseldorf (pta037/30.03.2021/18:55 UTC+2)

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Vantage Towers Successfully Prices €2.2bn Debut Bond

• Strong support from our international investor base
• Bond offering consists of a 4-, 6- and 9-year tranche

Düsseldorf, 30th March 2021 - Vantage Towers successfully priced its €2.2bn inaugural bond offering consisting of €750m 0.000% notes due 2025, €750m 0.375% notes due 2027 and €700m 0.750% notes due 2030 on the 24th of March. The bonds are expected to settle on 31st March 2021 and are rated Baa3 by Moody’s and BBB- by S&P. The transaction was a drawdown from Vantage Towers’ newly established Debt Issuance Program. 

This followed Vantage Towers’ successful listing on the Frankfurt Stock Exchange. The Vantage Towers Initial Public Offering (IPO) was the largest telecommunications IPO in Europe since 2004 and the largest German IPO since 2018.

Net proceeds from the transaction will be used to pay down the €2.4bn term loan put in place as part of the IPO process. The Joint Bookrunners on the bond offering were BofA Securities, BNP Paribas, Citibank, Deutsche Bank, LBBW and SMBC Nikko.

Vivek Badrinath, CEO Vantage Towers:

"Our debut in the bond market represents another significant milestone for Vantage Towers and reinforces our commitment to the capital markets after our successful listing on the Frankfurt stock exchange a week earlier. We are delighted with the strong support from our international investor base and their contribution to better connectivity and a sustainable digitalization of Europe."

Thomas Reisten, CFO Vantage Towers:

"After our successful entry to the Prime Standard at the Deutsche Börse and our investment grade rating by Moody's and S&P, I am very pleased with our inaugural triple tranche outing in the international bond market. With the strong support of our syndicate of banks, we were able to successfully offer the bonds totalling EUR 2.2 billion at an attractive price, highlighting the great support from our investors with final orderbooks over EUR 6.6 billion."

About Vantage Towers

Vantage Towers is a leading towers company in Europe with approximately 82,000 macro sites in 10 countries, connecting people, businesses and devices in cities and rural areas.

The company was founded in 2020. Its headquarters are in Düsseldorf, Germany. Since 18 March 2021, Vantage Towers is listed in the Prime Standard of Deutsche Börse in Frankfurt. 

Vantage Towers’ portfolio includes towers, masts, rooftop sites, Distributed Antenna Systems (DAS) and Small Cells. By building, operating and leasing this passive infrastructure to Vodafone and other network operators, Vantage Towers is making a significant contribution to better connectivity and the sustainable digitization of Europe.

For more information, please visit www.vantagetowers.com, follow us on Twitter at @VantageTowers or connect with us on LinkedIn at https://www.linkedin.com/company/vantagetowers.

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Emitter:	Vantage Towers AG Prinzenallee 11-13 40549 Düsseldorf Germany
Contact Person:	Sarah Rötzer
Phone:	+491722000038
E-Mail:	Sarah.Roetzer@vantagetowers.com
Website:	www.vantagetowers.com
ISIN(s):	DE000A3H3LL2 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt