ProLogis making early CMBS repayment to boost liquidity

03/10/2009 | Reuters

In order to strengthen its balance sheet and improve liquidity, ProLogis European Properties says it will make a three-month-early repayment of its 336 million euro CMBS debt. The distribution-and-warehouse-property owner said it will draw upon a $1.14 billion unsecured credit facility, as well as cash reserves, to fund the repayment.

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