By Devika Patel
Knoxville, Tenn., July 24 Segro plc arranged a 450 million private placement of 12-year, 15-year and 20-year senior notes, according to a press release.
The deal includes 150 million notes due 2032 with a 1.35% coupon, 50 million of notes due 2035 with a 1.45% coupon and 250 million of notes due 2040 with a 1.83% coupon.
Proceeds will be used to redeem the companys £118 million of combined value of 6.75% bonds due 2021 and 7% bonds due 2022 for £131 million in August and September and for general corporate purposes.
Segro is a London-based real estate investment trust specializing in warehouses and light industrial properties.
| Issuer: | Segro plc
|
| Issue: | Senior notes
|
| Amount: | 450 million
|
| Announcement date: | July 24
|
| Distribution: | Private placement
|
|
|
| 12-year notes
|
| Amount: | 150 million
|
| Maturity: | 2032
|
| Coupon: | 1.35%
|
|
|
| 15-year notes
|
| Amount: | 50 million
|
| Maturity: | 2035
|
| Coupon: | 1.45%
|
|
|
| 20-year notes
|
| Amount: | 250 million
|
| Maturity: | 2040
|
| Coupon: | 1.83%
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
