SEGRO European Logistics Partnership 1.25% €500 million notes issue

Overview:

• SEGRO European Logistics Partnership (SELP) has undertaken a debut €500 million notes issue.
• The 1.25% notes, due in 2023, will be listed on the Irish Stock Exchange.
• BNP Paribas, Morgan Stanley and The Royal Bank of Scotland (RBS) acted as joint lead managers.
• The funds raised will be used to repay existing loan facilities and is part of a wider refinancing that includes a €200 million loan facility taken out from BNP Paribas and RBS.
• SELP is a joint venture between SEGRO and a Canadian pension fund. It is a continental European logistics owner and developer which owns over €2 billion of big box warehouses and development land across eight countries.

Sam Duke - Editor