SEGRO PLC REDEMPTION OF £200 MILLION 5.50% NOTES DUE 2018 (7170G)
May 31 2017 - 6:55AM
UK Regulatory
TIDMSGRO
RNS Number : 7170G
SEGRO PLC
31 May 2017
31 May 2017
Redemption of GBP200 million 5.50 per cent Notes due 2018 ("the
notes")
(ISIN: XS0221323693)
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR IMMEDIATE
RELEASE.
SEGRO (or "the Company") announces that it has today given
notice to the holders of the Notes that it will fully redeem all of
the Notes outstanding on 16 June 2017 in accordance with Condition
6.3 of the Notes. The Notes will be redeemed at their Redemption
Amount of GBP210,364,000, together with accrued interest. This
represents a premium of approximately GBP10 million above the
nominal value of the Notes.
The redemption of the Notes forms part of a refinancing exercise
currently being undertaken by SEGRO that is intended to extend
SEGRO's debt maturity profile and reduce the overall cost of its
debt. As part of this exercise, the Company is in advanced
discussions with a number of US institutional investors in relation
to a potential issue of private placement notes.
Following redemption, the Notes will be cancelled pursuant to
Condition 6.7 of the Notes. Accordingly, the listing of the Notes
on the Official List of the FCA and the admission of the Notes to
trading on the Regulated Market of the London Stock Exchange plc
will be cancelled on, or shortly after, 29 June 2017.
ENDS
For further information, please contact:
Harry Stokes (Head of Investor Relations and Research)
Tel: +44 (0) 20 7451 9124 / harry.stokes@segro.com
Notes to Editors:
ABOUT SEGRO
SEGRO is a UK Real Estate Investment Trust (REIT), and a leading
owner, manager and developer of modern warehouses and light
industrial property. It owns or manages 6.4 million square metres
(69 million square feet) of space valued at GBP8 billion, serving
customers from a wide range of industry sectors. Its properties are
located in and around major cities and at key transportation hubs
in the UK and in nine other European countries.
See www.SEGRO.com for further information.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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