ProLogis European Properties (PEPR), one Europe's largest owners of warehouse distribution facilities, announced on Monday that it will repay around EUR 336 mln of CMBS debt on 5 April 2009, three months earlier than contractually required. PEPR will use a combination of cash from operations and available capacity under its EUR 900 mln unsecured credit facility to complete the repayment, which is subject to customary closing conditions.
Premium subscriber content – please log in to read more or take a free trial.
