REG-SEGRO PLC Issue of Debt

SEGROAnnouncement

03/08/2022 07:00

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Issue of Debt

 

SELP JOINT VENTURE PRICES €750 MILLION 3.75 PER CENT

UNSECURED GREEN BOND ISSUE

SEGRO plc (‘SEGRO’), in its role as venture adviser to the SEGRO European
Logistics Partnership (‘SELP’) joint venture, announces the pricing of a 5
year, €750 million senior unsecured Green bond issue for SELP. The order
book at peak totalled approximately €2.5 billion and the bonds were priced
at 245 basis points above euro mid-swaps, equating to an annual coupon of 3.75
per cent.

The proceeds of the issue will principally be used to refinance the existing
(non-green) €500 million bond expiring in 2023, which are subject to an
ongoing tender offer. In due course, they will be allocated to financing
and/or refinancing Eligible Green Projects as outlined in the SEGRO Green
Finance Framework, including the continued development programme, as well as
providing funding for general corporate purposes.

For further information, please contact:

Harry Stokes (Commercial Finance Director)

+44 (0) 20 7451 9124 / harry.stokes@segro.com (mailto:harry.stokes@segro.com)

Gary Gaskarth (External Communications Manager)

+44 (0) 20 7451 9069 / gary.gaskarth@segro.com
(mailto:gary.gaskarth@segro.com)

Richard Sunderland / Eve Kirmatzis (FTI Consulting)

Tel: +44 (0) 20 3727 1000

About SEGRO European Logistics Partnership S.à r.l. (SELP):

SELP is a joint venture in which SEGRO owns a 50 per cent interest. It was
established in October 2013 and owns €7.6 billion of big box warehouses and
development land across seven Continental European countries. SEGRO acts as
asset, property and development manager for SELP.

For further information see www.SELP.lu
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.SELP.lu&esheet=52799745&newsitemid=20220802006073&lan=en-US&anchor=www.SELP.lu&index=1&md5=36f4879b4279a8295d1e7956f31b68f1)
.

About SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock
Exchange and Euronext Paris, and is a leading owner, manager and developer of
modern warehouses and industrial property. It owns or manages 9.7 million
square metres of space (104 million square feet) valued at £23.8 billion
serving customers from a wide range of industry sectors. Its properties are
located in and around major cities and at key transportation hubs in the UK
and in seven other European countries.

For over 100 years SEGRO has been creating the space that enables
extraordinary things to happen. From modern big box warehouses, used primarily
for regional, national and international distribution hubs, to urban
warehousing located close to major population centres and business districts,
it provides high-quality assets that allow its customers to thrive.

A commitment to be a force for societal and environmental good is integral to
SEGRO’s purpose and strategy. Its Responsible SEGRO framework focuses on
three long-term priorities where the company believes it can make the greatest
impact: Championing Low-Carbon Growth, Investing in Local Communities and
Environments and Nurturing Talent.

See www.SEGRO.com
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.SEGRO.com&esheet=52799745&newsitemid=20220802006073&lan=en-US&anchor=www.SEGRO.com&index=2&md5=fa3729a81a005a40550e2fcc9b5f0151)
for further information.



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