CORRECT: Emeria Bonds Rally on Preferred Equity Sale Report

Bonds of French real estate services company Emeria Sasu surge after credit intelligence platform Octus reported that the firm’s sponsor Partners Group is working on raising between €700 million and €800 million of preferred equity.

• The sale would help Emeria de-lever in preparation of a refinancing of its 2028 maturities, Octus reports, citing sources it doesn’t name
  • The Octus report adds that a number of credit funds have been approached and due diligence is ongoing
• A spokesperson for Partners Group declined to comment when contacted by Bloomberg
• Emeria’s senior unsecured bond due March 2029 was indicated 18 cents higher at ...