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Success for the launch of a bond offering in Switzerland

June 17, 2014

PR Newswire/Les Echos/ Press release June 17, 2014 Success for the launch of a bond offering in SwitzerlandCHF 150 million, 8 year maturity, annual coupon of 1.75 % Accor today successfully set the terms of a 8 year bond inaugural issue for an amount of CHF 150 million with an annual coupon of 1.75%. It follows the announcement of the acquisition of an 11 hotel portfolio in Switzerland from AXA REIM made last May 27. Thanks to the solid orderbook, the transaction could therefore be completed within a very short time, and at a very favorable price. This operation reflects the high quality of the Accor signature, and the investors' confidence. Accor's long-term senior debt is rated BBB- by Standard & Poor's and Fitch Ratings. UBS and Commerzbank acted as Joint Bookrunners for this bond issue. Accor, the world's leading hotel operator, offers its guests and partners the dual expertise of a hotel operator and brand franchisor (HotelServices) and a hotel owner and investor (HotelInvest) with the objective of ensuring lasting growth and harmonious development for the benefit of the greater number. With around 3,600 hotels and 460,000 rooms, Accor welcomes business and leisure travelers in 92 countries across all hotel segments: luxury-upscale with Sofitel, Pullman, MGallery, and Grand Mercure, midscale with Novotel, Suite Novotel, Mercure and Adagio and economy with ibis, ibis Styles, ibis budget and hotelF1. The Group boasts a powerful digital ecosystem, notably its booking portal, its brand websites and its loyalty program Le Club Accorhotels. As the world's top hospitality school, Accor is committed to developing the talents of its 170,000 employees in Accor brand hotels. They are the daily ambassadors of the culture of service and innovation that has driven the Group for over 45 years. Follow news on Accor: Book a hotel: twitter@accor | MEDIA RELATIONS Charlotte Bourgeois-ClearyDelphine Dumonceau Vice President Media Relations Media Relations Phone: +33 (0)1 45 38 84 84 Phone: +33 (0)1 45 38 84 95 INVESTOR AND ANALYST RELATIONS SÉbastien Valentin Marie Niel Senior Vice President Investor Investor Relations Relations and Financial Phone: +33 (0)1 45 38 86 94 Communication Phone: +33 (0)1 45 38 86 25 The content and accuracy of news releases published on this site and/or distributed by PR Newswire or its partners are the sole responsibility of the originating company or organisation. Whilst every effort is made to ensure the accuracy of our services, such releases are not actively monitored or reviewed by PR Newswire or its partners and under no circumstances shall PR Newswire or its partners be liable for any loss or damage resulting from the use of such information. All information should be checked prior to publication.

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Source: PR Newswire TOD Wire

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