Logicor Completes Notes Issuance and Cash Tender Offer
07.17.20
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Simpson Thacher represented Logicor in connection with the issuance of €500,000,000 1.5% Guaranteed Notes due 2026 under its Euro Medium Term Note Programme. The transaction closed on July 13, 2020. The net proceeds of the notes will be used for general corporate and finance purposes, including the refinancing of existing debt.
The Firm also represented Logicor in connection with a concurrent cash tender offer for 0.5% Guaranteed Notes due 2021. €159,134,000 of the aggregate principal amount of the 0.5% Guaranteed Notes due 2021 were repurchased by the issuer. The cash tender offer settled on July 14, 2020.
Logicor is a leading pan-European logistics company that owns and operates a diversified portfolio of high quality distribution and industrial properties.
The Simpson Thacher team included Nick Shaw, Rainer Adlhart and J. John Lim (Capital Markets); and Kavita Davis (Credit).