ProLogis signs two new revolvers

17 Aug 2010

ProLogis, the industrial property company, has closed on Eu125m of revolving credit facilities for its subsidiaries in two deals that could be increased to a total of Eu300m, depending on additional commitments from lenders.

It closed on a Eu50million revolver for ProLogis European Properties (PEPR) and a Eu75m revolver on behalf of ProLogis European Properties Fund II (PEPF II).

Both facilities have tenors of three years and are unsecured. Deutsche Bank, Morgan Stanley and Royal Bank of Scotland arranged the Eu50m revolver which ...

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