Tritax EuroBox plc’s €200 Million Debut US Placement

In UK Ashurst, advised on the matter.

Ashurst advised Tritax EuroBox plc with a team including Anna Delgado (Debt Capital Markets), Jeffrey Johnson (Picture – Debt Capital Markets), Nicholas Moore (Finance), Paul Miller (Tax Finance).

Tritax EuroBox plc (“Tritax EuroBox”) made its debut €200 million US placement (USPP) of senior unsecured notes to institutional investors, closed in January 2022. 

The Notes comprise three tranches with a weighted average coupon of 1.368 per cent., and a weighted average maturity of nine years.  The proceeds have provided Tritax EuroBox, which is listed on the Main Market of the London Stock Exchange and invests in prime logistics real estate strategically located across continental Europe, with additional committed capital to assist in the acquisition of further potential near-term investment opportunities.

The Ashurst team was led by US securities partner Jeffrey Johnson (Picture), assisted by senior associate Rodrigo Romero-Hidalgo and associate Chutinan Chutima. Anna Delgado, partner and head of Ashurst’s debt capital markets practice, advised on English law aspects, assisted by senior associate Scott Chatterton and associate Benjamin Suthers. Banking partner Nicholas Moore and counsel Darren Phelan, UK tax partner Paul Miller and associate Martin Voelker and US tax partner Sharon Kim also assisted on the transaction. 

Involved fees earner: Scott Chatterton – Ashurst; Anna Delgado – Ashurst; Jeffrey Johnson – Ashurst; Sharon Kim – Ashurst; Paul Miller – Ashurst; Nicholas Moore – Ashurst; Darren Phelan – Ashurst; Rodrigo Romero Hidalgo – Ashurst; Benjamin Suthers – Ashurst; Martin Voelker – Ashurst;

Law Firms: Ashurst;

Clients: Tritax EuroBox plc;

Author: Giulia Di Palma