MLP Group raises an additional €100 million through a green notes issuance
MLP Group, one of Europe’s leading logistics, industrial and business park real estate platforms, has successfully placed an additional €100 million aggregate principal amount of Senior Green Notes on the international capital markets. The Notes were issued at 102,5% of their aggregate principal amount, resulting in a yield to maturity (YTM) of 5.28%. Interest will be payable semi-annually
The additional issuance represents a tap issue of the Company’s October 2024 transaction, under which MLP Group raised €300 million. As a result, the total value of the series has increased to €400 million, further strengthening the Company’s capacity to finance its expansion across key European markets.
– The successful placement of an additional €100 million, increasing the total size of the series to €400 million, further strengthens our financial position and provides a solid foundation for the next stage of our growth across Europe – said Maciej Müldner, Board Member & CFO at MLP Group S.A.
The successful placement of the entire Offering reflects the continued strong demand from international investors and their confidence in MLP Group’s long-term growth strategy. The proceeds will further strengthen the Company’s financial flexibility and support the development of new logistics and industrial projects across its key European markets.
The Company intends to allocate an amount equal to the net proceeds from the Offering to the financing and/or refinancing of eligible assets and expenditures that meet the eligibility criteria set out in the Company’s Green Financing Framework. Pending the full allocation of an amount equal to the net proceeds of the Offering to Eligible Green Assets, the Company intends to use the gross proceeds of the Offering to (i) finance certain new developments or land acquisitions and (ii) pay fees and expenses in connection with the Offering.
– We are currently carrying out investments with a total value of more than €300 million across a number of strategic projects, including MLP Business Park Munich, MLP Idstein (Frankfurt am Main), MLP Hamburg East, MLP City Park Vienna, MLP Rzeszów, MLP Bieruń and the next phases of MLP Pruszków. More than 60% of these capital expenditures will be allocated to the development of our operations in Germany, confirming our long-term commitment to the largest logistics/industrial market in Europe. A strong industrial base, advanced technological capabilities and resilient economic fundamentals make this market one of the most attractive growth destinations over the long term,” added Radosław T. Krochta, President of the Management Board and CEO of MLP Group S.A.
The terms of the issuance and the interest rate of the Notes are identical to those applicable to the Company’s previously issued Notes. Upon expiry of the 40-day distribution compliance period, the new Notes will be consolidated and treated as a single series with the existing Notes. The Company intends to apply to list the Notes on the Official List of the Luxembourg Stock Exchange and to admit the Notes to trading on the Euro MTF Market of the Luxembourg Stock Exchange. No listing prospectus has been prepared, published or approved in connection with the Offering.
