SELP Finance starts tender offer for guaranteed notes due 2023

Chicago, Aug. 5 – SELP Finance Sarl started a cash tender offer for any and all of its €500 million 1.25% guaranteed notes due 2023 (ISIN: XS1508586150), according to an announcement.

The notes list Segro European Logistics Partnership Sarl as guarantor.

The offer started Monday.

Pricing will be determined using Bunds plus a 25 basis points purchase spread. Accrued interest will also be paid. Pricing will be determined at 6 a.m. ET on Aug. 8.

The tender offer is subject to a new issue condition. SELP priced new guaranteed notes on Aug. 3. Priortiy allocation was a possibility for tendering noteholders of the existing notes.

SELP intends to redeem all of the notes not tendered at a make-whole redemption price.

Tenders are due by 11 a.m. ET on Aug. 5.

Results will be announced after pricing.

The offer settles on Aug. 10.

Banco Santander, SA (+44 7418 609 688, +44 7708 315 191, Tommaso.GrosPietro@gruposantander.com, Alex.Pilkington@gruposantander.com), Bank of China Ltd., London Branch (+44 203 192 8298, ozzjcfxzx_ld@bank-of-china.com), BNP Paribas (+33 1 55 77 78 94, liability.management@bnpparibas.com) and NatWest Markets plc (+44 20 7704 0880, selp@is.kroll.com, https://deals.is.kroll.com/selp) are the dealer managers.

Segro is a London-based real estate investment trust.

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