February 22, 2024
- The company modifies the terms of its credit line with Imperial Brands by structuring it in two tranches: one fixed and the other variable.
- The new conditions will come into effect in June 2024.
Logista, one of the largest logistics operators in Europe, has updated the terms of its credit line with Imperial Brands. This update, which will come into effect in June 2024, aims to partially hedge the risk of interest rate variability over the next three years.
The agreement provides for the structuring of the credit facility with Imperial Brands in two tranches: one at a fixed rate and the other at a variable rate. The new agreement includes a first tranche of 1,000 million euros at a fixed market rate of 2.865% plus a marginal rate of 0.75%, while the remaining credit, up to a maximum of 3,000 million euros, will remain at the variable rate of Euribor 6 months, plus a marginal rate of 0.75%.
About Logista – www.logista.com
Logista is one of the largest logistics operators in Europe and specialises in distribution to local channels. It regularly serves almost 200,000 points of sale in Spain, France, Italy, Portugal, the Netherlands and Poland and offers the best and fastest market access to a wide range of convenience products, pharmaceuticals, electronic top-up, books, publications, tobacco and lotteries, among others It is also notable for being the largest transport network in Spain, which is also certified in food safety.
Logista has a team of highly qualified professionals made up of more than 7,450 direct employees and a large number of collaborators such as Nacex franchisees, Logista Parcel delegates, drivers, etc. Employees and collaborators all work focused on serving their customers in the most efficient way and adapted to their needs.