ARGAN, a property in real estate logistics PREMIUM, announces that it has mandated Bank Degroof Petercam nv as a placement agent in order to arrange meetings with investors from June 12, 2017, in the prospect of soon launch a bond issue in the form of a private placement in Europe of an aggregate amount of up to € 130 million with a maturity of 6 years. The proceeds of this issuance will refinance under better conditions to its obligation of € 65 million maturing in November 2018 and to fund its growth in height of the balance. The effective completion of this program and its features will depend on market conditions and the appetite of the investors.
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Financial calendar 2017 (dissemination of a press release after market close)
§ July 3 : Turnover for the 2nd quarter of 2017
§ 20 July : half-year Results 2017
§ October 2 : Turnover for the 3rd quarter of 2017
About Argan
ARGAN is the first French property specialising in development & warehouse rental Premium for top companies.
ARGAN combines the stability of a clear strategy, to be implemented by the majority shareholder and led by a team of executives who are experts in their specialties, with the transparency of a publicly traded company.
With a fleet of fifty warehouses Premium, valued 1 billion euros at the end of 2016, ARGAN is an expert in global innovative and efficient in logistics real estate. ARGAN is listed in compartment B of Euronext Paris (ISIN FR0010481960 – ARG) and is part of indices CAC All-Share and IEIF SIIC France. The property has opted for the SIIC as at 1 July 2007.
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