PEPR closes new ?48 million five-year secured bank loan with Helaba
in Sweden
(Thomson Reuters ONE) - This press release is not an offer of securities for sale, or thesolicitation of an offer to buy securities, in the United States orelsewhere. The securities mentioned in this press release have notbeen and will not be registered pursuant to the US Securities Act of1933, as amended. They cannot be offered or sold in the United Statesabsent registration or an exemption from registration. No publicoffer of the securities has been or will be made in the United Statesor elsewhere.News releaseProLogis European Properties closes new ?48 million five-year secured bank loan with Helaba in SwedenLuxembourg - 13 October 2009 - ProLogis European Properties(Euronext: PEPR), Europe's largest owner of modern distributionfacilities, announced today that it has completed a new five-yearsecured bank loan facility for approximately ?48 million with Helaba(Landesbank Hessen-Thüringen), a new lender for PEPR. Proceeds fromthe loan will be split into two tranches, the first for SEK 332.5million (approximately ?32.5 million) and the second for ?15.5million, both of which will be used to refinance outstanding debt.The facility is secured by a portfolio of distribution facilities inNorrkoping, Orebro and Gothenburg, Sweden, the first time PEPR hasused its Swedish assets for specific financing, and will mature inOctober 2014."This transaction is a further step in achieving our ambition toreduce short-term debt maturities, create a balanced maturity profileand decrease overall balance sheet risk," said Peter Cassells, chiefexecutive officer for PEPR. "We continue to make good progress withour refinancing plans, with a further ?600 million of new financingunder active discussion, and are also taking steps to improve thefuture financial flexibility of the business." -Ends-For further information, please contact:Investor relationsProLogis European PropertiesJennifer van der Eem+44 207 518 8708jvandereem(at)prologis.comMediaM:CommunicationsEd Orlebar / Charlotte McMullen+44 20 7920 2323 or 7920 2349orlebar(at)mcomgroup.com / mcmullen(at)mcomgroup.comAbout ProLogis European Properties (PEPR)ProLogis European Properties, or PEPR, is one of the largestpan-European owners of high quality distribution and logisticsfacilities. PEPR was established in 1999 as a closed-end, real estateinvestment fund, externally managed by a subsidiary of ProLogis(NYSE: PLD), a leading global provider of industrial distributionfacilities. In September 2006, PEPR was listed on Euronext Amsterdam.As at 30 June 2009, PEPR has a portfolio of 232 buildings, covering4.9 million square metres in 11 European countries, with a marketvalue of ?3.0 billion. The portfolio has an occupancy level of 96.9%and an average of 3.6 years to the next lease break or 5.8 years tolease expiry.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 13.10.2009 - 09:00 Uhr
Sprache: Deutsch
News-ID 6840
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