CTP NV

06/27/2024 | Press release | Distributed by Public on 06/28/2024 04:15

CTP announces the signing of a €500 million unsecured syndicated sustainability-linked loan facility and €500 million bond tender offer

AMSTERDAM, 27 June 2024 - CTP, Europe's largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), announces the successful signing of a 5-year €500 million unsecured syndicated sustainability-linked loan facility at a fixed all-in cost of 4.7%.

The unsecured syndicated loan facility allows CTP to further diversify its funding sources. SMBC Bank EU AG and ING acted as Global Coordinators and Sustainability Coordinators, while other banks in the syndicate include BNP Paribas, VUB (Intesa Sanpaolo), Rabobank, Bank of China, Alpha Bank Group and ICBC.

The proceeds from this unsecured syndicated loan facility will be used for general corporate purposes including financing of developments and the concurrent tender offer that was launched.

CTP also launched a concurrent tender offer which will enable the Group to repurchase short-dated bonds with a total nominal amount of €500 million as detailed below. This proactive liquidity management allows the Group to extend its average debt maturity profile, as well as book a capital gain of €21.3 million.

ISIN Issue Date Maturity Coupon Outstanding amount at launch
(in million) 		Accepted amount
(in million) 		Outstanding amount after the settlement of the tender offer
(in million)
XS2356029541 21/6/2021 21/6/2025 0.500% €425.0 €152.7 €272.3
XS2238342484 1/10/2020 1/10/2025 2.125% €281.8 €97.3 €184.5
XS2434791690 20/1/2022 20/1/2026 0.875% €575.0 €100.0 €475.0
XS2390530330 27/9/2021 27/9/2026 0.625% €500.0 €150.0 €350.0

The settlement of the tender offer is expected to take place on 28 June 2024.

CONTACT DETAILS FOR ANALYST AND INVESTOR ENQUIRIES:
Maarten Otte, Head of Investor Relations
Mobile: +420 730 197 500
Email: [email protected]

CONTACT DETAILS FOR MEDIA ENQUIRIES:
Patryk Statkiewicz, Group Head of Marketing & PR
Mobile: +31 (0) 629 596 119
Email: [email protected]

About CTP
CTP is Europe's largest listed owner, developer, and manager of logistics and industrial real estate by gross lettable area, owning 12.0 million sqm of GLA across 10 countries as at 31 March 2024. CTP certifies all new buildings to BREEAM Very good or better and earned a 'Low-Risk' ESG rating by Sustainalytics, underlining its commitment to being a sustainable business. For more information, visit CTP's corporate website: www.ctp.eu

Important Information
This announcement is not being made in and copies of it may not be distributed or sent into the United States, Canada, Australia or Japan. No offer or invitation to acquire any securities is being made pursuant to this announcement. The distribution of this announcement in certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions.