Clifford Chance

Clifford Chance advises underwriters on EUR 1.8 billion debut bond issuance by Logicor

International law firm Clifford Chance acted as counsel to the underwriters in connection with the issuance by Logicor, the largest direct owner of logistics property in Europe, of three tranches of senior unsecured guaranteed notes.

The €1.8 billion transaction represents Logicor's debut bond offering and is believed to be the largest euro-denominated debut trade by a real estate company.

Clifford Chance has advised on bond issues by other real estate companies in the last 12 months including for Blackstone Property Partners, Prologis and Atrium.

The matter was led by capital markets partners Michael Dakin and David Bickerton, senior associate Kate Vyvyan and associate Benjamin Evans.

Concurrently, Clifford Chance also acted as counsel to the banks on Logicor's revolving credit facility. This was led by Peter Dahlen and senior associate Nicholas Kinnersley.

Commenting on the transaction, Michael Dakin said: "We were delighted to be involved in this offering and to use our leading capital markets and financing expertise to help deliver a successful transaction for Logicor and the underwriters."