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Prologis European Properties (PEPR)

Prologis European Properties (PEPR)

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Publicatie datum 05 okt 2010 - 09:05
Statutaire naam Prologis European Properties (PEPR)
Titel ProLogis European Properties reaffirms commitment to reduce leverage whilst obtaining further amendments to its unsecured credit facility
Bericht Luxembourg - 5 October 2010 - ProLogis European Properties (Euronext: PEPR), one of Europe's largest owners of modern distribution facilities, announced today that it has received approval from the bank syndicate on its €258 million senior unsecured corporate term loan to partially remove restrictions on dividend payments. As a result, the decision over when to resume paying ordinary dividends is now solely in the hands of the business. Both the Board and Management Company of PEPR reaffirm their intent to continue to retain distributable cash flow for the foreseeable future in order to further deleverage the balance sheet and to ensure a return to an investment grade credit rating.