Mourant Ozannes' Guernsey office advises LondonMetric on £130m capital raise
14 October 2016
Mourant Ozannes' corporate team has advised long-standing client LondonMetric Property plc on its successful £130 million private placement of blended fixed rate senior notes with US and UK institutional investors.
The Mourant Ozannes team was led by Partner John Rochester, with Senior Associate Alex Davies and Associate Sophie Williams who advised on the Guernsey aspects of the capital raise, alongside UK Counsel O'Melveny.
Mr Rochester said: "We're always delighted to work with the team at LondonMetric, but assisting with this significant capital raise is a good indication that, notwithstanding recent uncertainty surrounding Brexit, there's still a solid investment appetite in the market for companies that offer real long-term value."
Martin McGann, Finance Director of LondonMetric, commented: "We are very pleased to have established new lending relationships with four strong institutional investors. The private placement provides further diversification of funding sources at attractive rates and allows us further capacity to increase our investments within the long let logistics market."
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