European logistics real estate specialist Logicor has announced the successful placing of €650 mln of notes under the Group’s Euro medium term notes (EMTN) programme.
The unsecured notes have a term of 4.5 years and a coupon of 4.625%. The notes are rated BBB by S&P Global Ratings.
Proceeds from the notes will be used for general corporate purposes including the refinancing of existing debt.
Shane Kelly, chief financial officer, Logicor, said: 'Continuing to grow our market presence in high conviction markets is underpinned by our capital structure.
'Therefore, we are very pleased to return to the capital markets after a two-year break with a successful and sensibly priced issuance, which supports our refinancing plans.
'The notes were nearly four times oversubscribed at closing, reflecting strong investor support for Logicor’s operational performance and debt strategy.'
