Tritax EuroBox PLC EUR200 million debut Private Placement debt issue (2993U)
02 Diciembre 2021 - 1:00AM
UK Regulatory
TIDMEBOX TIDMBOXE
RNS Number : 2993U
Tritax EuroBox PLC
02 December 2021
02 December 2021
EUR200 million debut Private Placement debt issue
Tritax EuroBox plc ("Tritax EuroBox" or the "Company"), which
invests in high-quality, prime logistics real estate strategically
located across continental Europe, announces that it has signed an
agreement with institutional investors for a new private placement
of EUR200 million senior unsecured notes (the "Notes"). The Notes
comprise three tranches with a weighted average coupon of 1.368 per
cent., and a weighted average maturity of nine years.
The Notes purchase agreement was signed on 1 December 2021 and
the funds will be drawn in mid-January 2022, subject to customary
closing conditions.
The three tranches comprise:
-- EUR 100 million at a fixed coupon of 1.216 per cent., with 7-year maturity;
-- EUR 50 million at a fixed coupon of 1.449 per cent., with 10-year maturity; and
-- EUR 50 million at a fixed coupon of 1.590 per cent., with 12-year maturity.
The proceeds will provide the Company with additional committed
capital to assist in the acquisition of further potential near-term
investment opportunities and will be deployed in conjunction with
the EUR250 million of new equity raised by the Company in September
2021.
The Company was advised on the financing by Lazard & Co.,
Limited.
Mehdi Bourassi, Finance Director for Tritax EuroBox,
commented:
"We are pleased with the backing that this issue received from
new institutional debt investors as part of our debut unsecured
Private Placement. The placement supports our growth strategy,
further diversifies our funding by providing access to a new source
of liquidity at an attractive fixed cost and increases the weighted
average maturity of our debt."
For further information please contact:
Tritax Group
+44 (0) 20 8051 5070
Nick Preston
Mehdi Bourassi
Jo Blackshaw (Investor Relations)
Maitland/AMO (Media inquiries)
James Benjamin
+44 (0) 7747 113 930
tritax-maitland@maitland.co.uk
The Company's LEI is: 213800HK59N7H979QU33.
Notes:
Tritax EuroBox plc invests in and manages a well-diversified
portfolio of well-located Continental European logistics real
estate assets that are expected to deliver an attractive capital
return and secure income to shareholders. These assets fulfil key
roles in the logistics and distribution supply-chain focused on the
most established logistics markets and on the major population
centres across core Continental European countries.
Occupier demand for Continental European logistics assets is in
the midst of a major long-term structural change principally driven
by the growth of e-commerce. This is evidenced by technological
advancements, increased automation and supply-chain
optimisation.
The Company's Manager, Tritax Management LLP, has assembled a
full-service European logistics asset management capability
including specialist "on the ground" asset and property managers
with strong market standings in the Continental European logistics
sector.
This announcement is for informational purposes only and is not
an offer of securities for sale in the United States or any other
jurisdiction. The securities referred to herein have not been and
will not be registered under the US Securities Act of 1933, as
amended (the "US Securities Act") or under the securities laws of
any state or other jurisdiction of the United States, and may not
be offered or sold in the United States or to, or for the account
or benefit of, US persons (as defined in Regulation S under the US
Securities Act) absent registration or an applicable exemption from
the registration requirements of the US Securities Act and in
accordance with any applicable securities laws of any state or
other jurisdiction of the United States. The Company has not been
and will not be registered under the US Investment Company Act of
1940, as amended.
Further information on Tritax EuroBox plc is available at
www.tritaxeurobox.co.uk
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