Logistics real estate developer Logicor has raised €650m (£556m) through unsecured notes to refinance its existing borrowing.
The notes have a term of 4.5 years and a coupon of 4.63%, and are rated BBB by S&P Global Ratings.
Chief financial officer Shane Kelly said: “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.”
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