Logicor to accept tenders for €159.13 million of 0.5% notes due 2021

By Sarah Lizee

Olympia, Wash., July 10 – Logicor Financing Sarl announced the results of the cash tender offer for any and all of its €600 million 0.5% guaranteed notes due 2021, according to a London Stock Exchange notice.

By 11 a.m. ET on July 9, the expiration time, €159,134,000 of the notes were tendered under the offer. The company said it will accept all tendered notes for purchase.

Following settlement on July 14, €440,866,000 of the notes will remain outstanding.

As previously reported, the purchase price is €1,000 per €1,000 of notes. Accrued interest will also be paid.

Tender instructions are be irrevocable except in limited circumstances.

Tender had to be submitted in a minimum principal amount of no less than €100,000.

The offer is conditioned on the completion of the issuance of a new series of notes under the company’s euro medium-term note program.

Logicor said that when allocating new notes, it may give preference to holders who have tendered their existing notes under the offer.

The dealer managers are BNP Paribas (+33 1 55 77 78 94 or liability.management@bnpparibas.com) and Morgan Stanley & Co. International plc (+44 20 7677 5040 or liabilitymanagementeurope@morganstanley.com). The tender agent is Lucid Issuer Services Ltd. (+44 20 7704 0880).

Logicor owns and operates logistics real estate assets. It is based in London.

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