Investcorp has secured a $1 billion loan led by Morgan Stanley to refinance four U.S. industrial portfolios. The new capital leverages attractive debt market conditions while capitalizing on the strong performance of the underlying assets to enhance returns.
The portfolios comprising the refinanced assets include:
A nearly 7 million-square-foot portfolio of 65 class B industrial buildings in eight prime industrial markets across the United States
A nearly 7 million-square-foot portfolio of 63 class B industrial buildings in six high-growth U.S. markets
A 220,000-square-foot, class A light industrial business park spanning six buildings in the Phoenix MSA
A 170,000-square-foot, three-building class A industrial park located in the Orlando
Herb Myers, global head of real assets for Investcorp, stated, “Our ability to refinance these industrial portfolios is a testament to their strong performance to date, as well as the su
