Dexus (ASX: $DXS) Put Option Exercise Announcement

Dexus (ASX: $DXS) has announced the exercise of the put option for the outstanding 2.30% Guaranteed Exchangeable Notes due 2026. Investors have exercised their put option for the aggregate principal amount of A$323.2 million. Dexus intends to exercise its call option for early repayment and cancellation of the remaining $1.8 million of Notes on 8 April 2024. The repayment of the $325.0 million of notes will be funded from existing debt facility headroom.

Executive Commentary on Put Option Exercise

Dexus has successfully managed the exercise of the put option for the outstanding 2.30% Guaranteed Exchangeable Notes due 2026. The early repayment and cancellation of the notes demonstrate our commitment to efficient capital management. We are confident in our ability to fund the repayment from existing debt facility headroom, reflecting our strong financial position and prudent approach to managing our obligations.

Summary of Dexus (ASX: $DXS) Put Option Exercise

Dexus (ASX: $DXS) has confirmed the exercise of the put option for the outstanding 2.30% Guaranteed Exchangeable Notes due 2026, with investors opting for early repayment and cancellation amounting to A$323.2 million. The company plans to exercise its call option for the remaining $1.8 million of Notes on 8 April 2024, funded from existing debt facility headroom. This move aligns with Dexus's commitment to efficient capital management and reflects its strong financial position. The cancellation of the notes will be promptly announced to the ASX. Dexus continues to demonstrate its capability in managing its obligations and maintaining a robust financial standing.