Slaughter and May advised SEGRO plc - amended bank facilities
Slaughter and May advised SEGRO plc (SEGRO) on its amended bank facilities totalling EUR 780 million (£614 million).
The facilities comprise a EUR 610 million? syndicated revolving credit facility and two bi-lateral revolving credit facilities of EUR 100 million and EUR 70 million each. The net impact of the changes is a EUR 110 million (£87 million) increase in the unsecured committed bank facilities available to the Group and an increase in their weighted average maturity from 25 months to 57 months (with an option to extend the EUR 610 million facility by a further 24 months).
SEGRO is a London listed UK Real Estate Investment Trust (REIT). It is Europe’s largest listed owner, asset manager and developer of industrial property.