EUR200 million debut Private Placement debt issue
RNS Number : 2993U
Tritax EuroBox PLC
02 December 2021
 

02 December 2021

 

€200 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 €200 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:

·    100 million at a fixed coupon of 1.216 per cent., with 7-year maturity;

·    50 million at a fixed coupon of 1.449 per cent., with 10-year maturity; and

·    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 €250 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
[email protected]

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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