Legal DealFolio - SEGRO plc - New and Amended Bank Facilities

Slaughter and May advised SEGRO plc (SEGRO) on its new and amended bank facilities totalling EUR 460 million. The facilities, which completed on 14 April 2014, comprise a new EUR 225 million revolving multi-currency, five year syndicated bank facility, replacing existing facilities totalling EUR 395 million; and amending an existing revolving multi-currency syndicated bank facility to reduce the size of the facility from EUR 385 million to EUR 235 million and extend its maturity by 18 months to May 2018. As a result of the completion, SEGRO has cancelled in full a EUR 240 million syndicated facility which was due to mature in December 2015, a EUR 100 million bilateral facility which was to mature in July 2014 and a EUR 55 million bilateral facility maturing in November 2016. SEGRO is a London listed UK Real Estate Investment Trust (REIT), and a leading owner, asset manager and developer of modern warehousing and light industrial property, as well of higher value uses such as offices and data centres. It owns or manages 5.3 million square metres of space in GBP5.2 billion of assets (of which its share totals GBP4.1 billion). SEGRO's properties are located around major conurbations and at key transportation hubs across eight European countries, principally in the UK, France, Germany and Poland. Financing: Marc Hutchinson (partner), Harry Bacon (associate), Kevin Howes (associate).

Deal Date:	14-04-2014	Practice Area:	International Finance and Bank Credit
Deal Title:	SEGRO plc - New and Amended Bank Facilities	Industry:	Real Estate Investment Trusts
Description:	Slaughter and May advised SEGRO plc (SEGRO) on its new and amended bank facilities totalling EUR 460 million. The facilities, which completed on 14 April 2014, comprise a new EUR 225 million revolving multi-currency, five year syndicated bank facility, replacing existing facilities totalling EUR 395 million; and amending an existing revolving multi-currency syndicated bank facility to reduce the size of the facility from EUR 385 million to EUR 235 million and extend its maturity by 18 months to May 2018. As a result of the completion, SEGRO has cancelled in full a EUR 240 million syndicated facility which was due to mature in December 2015, a EUR 100 million bilateral facility which was to mature in July 2014 and a EUR 55 million bilateral facility maturing in November 2016. SEGRO is a London listed UK Real Estate Investment Trust (REIT), and a leading owner, asset manager and developer of modern warehousing and light industrial property, as well of higher value uses such as offices and data centres. It owns or manages 5.3 million square metres of space in GBP5.2 billion of assets (of which its share totals GBP4.1 billion). SEGRO's properties are located around major conurbations and at key transportation hubs across eight European countries, principally in the UK, France, Germany and Poland. Financing: Marc Hutchinson (partner), Harry Bacon (associate), Kevin Howes (associate).
Financial Center:	London	Value:	500.01-1000.00
Advised Party:	Borrower	Law Firm	Slaughter and May
Borrower	United Kingdom	Lender	United Kingdom
Classification:	Syndicated and Bilateral Loans Syndicated Loans	Lawyer	Marc Hutchinson

Practice Areas -

International Finance and Bank Credit Law Firms and Lawyers

Practice Areas - International Finance and Bank Credit Law Firms and Lawyers