MLP Group S.A., a developer, owner and manager of commercial, industrial and logistics parks, has announced the successful placement of an additional issue of 'Senior Green Notes' with a total nominal value of EUR 100 million. This increase raises the total volume of the series to EUR 400 million and serves to finance the group's long-term growth strategy. The issue on international capital markets was made at 102.5% of the total nominal value, corresponding to a yield to maturity of 5.28%. Interest payments are made semi-annually.
This additional issue represents a tap issue, which took place within the framework of an earlier transaction in October 2024, in which EUR 300 million had already been raised. The increase in the total volume to EUR 400 million strengthens the company's financial flexibility and supports the development of new logistics and industrial projects in key European markets. The strong demand confirms the confidence of international investors in the MLP Group's business model, financial position and growth prospects.
Focus on eligible green projects
The MLP Group plans to use the net proceeds from the issue for the financing or refinancing of assets and expenditures that meet the eligibility criteria of the company's own “Green Financing Framework”. Until the funds are fully allocated to these eligible green assets, the gross proceeds are intended to be used for the financing of new developments or land acquisitions, as well as to cover fees and expenses related to the offering.
Maciej Müldner, Member of the Management Board and CFO of MLP Group S.A., commented that the successful placement consolidates the group's financial position and creates a basis for further growth in Europe. He emphasised the importance of this capital raising to support the company's expansion efforts.
Strategic Investments in Key European Markets
Radosław T. Krochta, Chairman of the Management Board and CEO of MLP Group S.A., highlighted that current investments of over EUR 300 million are flowing into a number of strategic projects. A significant proportion of these capital expenditures, over 60%, is earmarked for expanding activities in Germany. This underlines the long-term commitment to Europe's largest logistics and industrial market, which is considered an attractive growth location due to its industrial base, technological expertise, and solid economic fundamentals.
- —MLP Business Park Munich
- —MLP Idstein (Frankfurt am Main)
- —MLP Hamburg Ost
- —MLP City Park Vienna
The terms and interest rates of the newly issued bonds correspond to those of the existing ones. Following a 40-day compliance period for distribution, the new bonds will be consolidated with the existing ones. The MLP Group also intends to apply for the admission of the bonds to the Official List of the Luxembourg Stock Exchange and for their admission to trading on the Euro-MTF market.
