AccorHotels today announces the success of tender offers and partial repurchase of two bonds of which a perpetual hybrid bond (4.125% coupon) and a senior bond maturing in 2021 (2.625% coupon), for a total amount of EUR736m.

These transactions complete the liability management operation started with the successful two bond issues completed on January 24th, 2019, for EUR1.1bn (a EUR500m perpetual hybrid bond with a 4.375% coupon and a EUR600m 7-year senior bond with a 1.75% coupon).

The targeted hybrid bonds and the targeted senior bonds will be repurchased in the following amounts:

  • EUR386m on the perpetual hybrid bonds (EUR900m Undated 6 Year Non-Call Deeply Subordinated Fixed to Reset Rate Bonds issued on 30 June 2014)
  • EUR350m on the 2021 bonds (EUR900m 2.625% Bonds due 5 February 2021)

Moreover, the Group will redeem its EUR335m bonds maturing in March 2019.

As per these transactions, the Group will lengthen the average maturity of its debt by more than one year, while optimizing its average cost of funding.

AccorHotels' long-term senior debt is rated BBB- by Standard & Poor's and Fitch Ratings.

About Accor, a world-leading hospitality group

Accor is a world leading hospitality group offering experiences across more than 110 countries in 5,500 properties, 10,000 food & beverage venues, wellness facilities or flexible workspaces. The Group has one of the industry's most diverse hospitality ecosystems, encompassing more than 45 hotel brands from luxury to economy, as well as Lifestyle with Ennismore. Accor is committed to taking positive action in terms of business ethics & integrity, responsible tourism, sustainable development, community outreach, and diversity & inclusion. Founded in 1967, Accor SA is headquartered in France and publicly listed on Euronext Paris (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACCYY) in the United States. For more information, please visit www.group.accor.com or follow us on X, Facebook, LinkedIn, Instagram and TikTok.