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Logicor announces successful placing of €650 million of unsecured notes due July 2028

January 22, 2024 |


22 JAN 2024: Logicor, a leading owner, manager and developer of European logistics real estate, announces the successful placing of €650 million of notes under the Group’s 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.

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.”

Shane Kelly

Chief Financial Officer

Contact details

LOGICOR: Director of Comms and Marketing
Lizzie Beuzeval [email protected]

About Logicor:

Logicor is one of the largest owners and operators of modern logistics and distribution properties in Europe. As at 30 June 2023, we own and manage a portfolio of 594 high-quality properties with a lettable area of over 20 million square meters located in key European logistics markets. Logicor is headquartered in London and Luxembourg. www.logicor.eu.