Logicor, the UK and European logistics group owned by China Investment Corp and Blackstone, is marketing a secured bond of up to £900m this week to take out some existing debt, hitting the market window ahead of expected disruption around the UK’s EU exit date of October 31.
Goldman Sachs and Morgan Stanley are global coordinators on the deal, with BNP Paribas an active bookrunner and liquidity facility provider.
The deal is structured as a single borrower CMBS with only class ‘A’ notes. Because it is not tranched it falls outside the EU definition
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
Or sign up for a trial to gain full access to the entire site for a limited period.
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.