SEGRO has a diverse, long dated debt portfolio to manage the financing requirements of the group, including Revolving Credit Facilities (‘RCF’) and term loans; sterling and euro bonds with an associated Euro Medium Term Note (‘EMTN’) programme; and US private placement (‘USPP’) notes. The key terms are summarised under the headings below.
SEGRO Group & JV’s and associates at share, as at: 31 December 2024
SEGRO has unsecured Revolving Credit Facilities (‘RCF’) which permit a maximum of €1.8 billion to be drawn, in either sterling or euro; and two drawn term loan facilities. Interest is charged at a floating rate of interest plus a margin.
|
Facility Type |
Commitment |
Interest Rate |
Maturity |
|
Syndicated RCF |
EUR 600m |
0.85% + SONIA/EURIBOR |
12 August 2027 |
|
Syndicated RCF |
EUR 1,000m |
0.95% + SONIA/EURIBOR |
13 May 2027 |
|
Bi-lateral RCF |
EUR 100m |
0.95% + SONIA/EURIBOR |
13 May 2028 |
|
Bi-lateral RCF |
EUR 100m |
0.95% + SONIA/EURIBOR |
13 May 2028 |
|
Term loan facility |
GBP 90m |
1.30% + SONIA |
5 December 2027 |
|
Term loan facility |
EUR 68m |
1.65% + EURIBOR |
6 December 2027 |
|
Original Amount Issued |
Amount Outstanding |
Coupon |
Coupon Frequency |
Description |
Maturity |
CUSIP |
|
EUR 400m |
EUR 400m |
1.77% |
Semi Annual |
Fixed Rate |
17 Aug 2027 |
G7996# AA8 |
|
EUR 100m |
EUR 100m |
1.82% |
Semi Annual |
Fixed Rate |
12 Oct 2028 |
G7996# AD2 |
|
EUR 150m |
EUR 150m |
2.00% |
Semi Annual |
Fixed Rate |
17 Aug 2029 |
G7996# AB6 |
|
EUR 100m |
EUR 100m |
2.27% |
Semi Annual |
Fixed Rate |
17 Aug 2032 |
G7996# AC4 |
|
EUR 150m |
EUR 150m |
1.35% |
Semi Annual |
Fixed Rate |
23 Oct 2032 |
G7996# AF7 |
|
EUR 200m |
EUR 200m |
2.37% |
Semi Annual |
Fixed Rate |
12 Oct 2033 |
G7996# AE0 |
|
EUR 50m |
EUR 50m |
1.45% |
Semi Annual |
Fixed Rate |
23 Oct 2035 |
G7996# AG5 |
|
EUR 50m |
EUR 50m |
3.87% |
Semi Annual |
Fixed Rate |
22 Sep 2037 |
G7996# AK6 |
|
EUR 190m |
EUR 190m |
1.83% |
Semi Annual |
Fixed Rate |
23 Oct 2040 |
G7996# AH3 |
|
EUR 60m |
EUR 60m |
1.83% |
Semi Annual |
Fixed Rate |
17 Dec 2040 |
G7996# AJ9 |
|
EUR 175m |
EUR 175m |
4.14% |
Semi Annual |
Fixed Rate |
22 Sep 2042 |
G7996# AL4 |
|
Issuer |
Guarantor |
Amount issued |
EMTN or Standalone |
Coupon |
Coupon frequency |
Description |
Credit rating (Fitch) |
Maturity |
ISIN |
Links |
|
SEGRO Capital S.a.r.l. |
SEGRO Plc |
EUR 650m |
EMTN |
1.250% |
Annual |
Fixed Rate |
A- |
23 Mar 2026 |
XS2455401328 |
|
|
SEGRO Plc |
- |
GBP 350m |
Standalone |
2.375% |
Annual |
Fixed Rate |
A- |
11 Oct 2029 |
XS1692835249 |
|
|
SEGRO Capital S.a.r.l. |
SEGRO Plc |
EUR 500m |
EMTN |
1.875% |
Annual |
Fixed Rate, Green |
A- |
23 Mar 2030 |
XS2455401757 |
|
|
SEGRO Capital S.a.r.l. |
SEGRO Plc |
EUR 500m |
Standalone |
0.500% |
Annual |
Fixed Rate, Green |
A- |
22 Sep 2031 |
XS2360041474 |
|
|
SEGRO Plc |
- |
EUR 500m |
EMTN |
3.500% |
Annual |
Fixed Rate |
A- |
24 Sep 2032 |
XS2905579095 |
|
|
SEGRO Plc |
- |
GBP 200m |
Standalone |
5.750% |
Annual |
Fixed Rate |
A- |
20 Jun 2035 |
XS0221324154 |
|
|
SEGRO Plc |
- |
GBP 400m |
Standalone |
2.875% |
Annual |
Fixed Rate |
A- |
11 Oct 2037 |
XS1692836726 |
|
|
SEGRO Plc |
- |
GBP 350m |
EMTN |
5.125% |
Annual |
Fixed Rate |
A- |
06 Dec 2041 |
XS2563787287 |