Logicor’s inaugural Euro-denominated bond placing has raised €1.8bn.
The European warehouse and logistics company said proceeds of the bond issue will be used for the group’s general corporate purposes and refinancing existing secured debt.
Simon Clinton, CFO, Logicor said: “This transaction successfully positions Logicor with European and global bond investors for the first time. We have proven our ability to access public capital markets and have significantly broadened our funding sources.
“We are pleased that investors have demonstrated their confidence in Logicor’s strategy focused on its high quality, well-located logistics real estate across Europe and our unsurpassed operational expertise.”
Logicor’s inaugural Euro-denominated bond transaction was launched last week with three tranches maturing in 2022, 2025 and 2028.
