MLP Group has completed an additional issuance of €100 million aggregate principal amount of Senior Green Notes, increasing the total size of the series to €400 million. The capital raised will support the Group's long-term growth strategy.
The Notes were issued at 102.5% of their aggregate principal amount, resulting in a yield to maturity of 5.28%. Interest will be payable semi-annually. The additional issuance is a tap of the company's October 2024 transaction, under which MLP Group raised €300 million, bringing the total value of the series to €400 million and strengthening the company's capacity to finance its expansion across 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 and CFO at MLP Group. The proceeds will support the development of new logistics and industrial projects.
The company intends to allocate an amount equal to the net proceeds to the financing or refinancing of eligible assets that meet the criteria set out in its Green Financing Framework. Pending full allocation, the gross proceeds will be used to finance new developments or land acquisitions and to cover fees and expenses connected with the Offering.
"We are currently carrying out investments with a total value of more than €300 million across 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 Germany," added Radosław T. Krochta, President of the Management Board and CEO of MLP Group. The terms of the new Notes are identical to those of the previously issued Notes, and after the 40-day distribution compliance period they will be consolidated into a single series. The company intends to apply to list the Notes on the Luxembourg Stock Exchange and to admit them to trading on the Euro MTF Market.
