ProLogis Gets €500M Loan To Buy PEPR
Denver-based global warehouse operator, ProLogis, has arranged a €500 million loan from JP Morgan Chase.
Denver-based global warehouse operator, ProLogis, has arranged a €500 million loan from JP Morgan Chase, Bloomberg reports. The senior, unsecured, multiple-draw term loan facility has been secured for the acquisition of ProLogis European Properties (PEPR).
Earlier in April 2011, ProLogis made an offer that valued ProLogis European at €1.2 billion. ProLogis offer was more than the bid submitted by APG Algemene Pensioen Groep and Goodman Group.
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