French 3PL FM Logistic has closed a €320 million refinancing arranged with a pool of 14 banks drawn from eight French and European institutions, freeing capital for the group’s pan-European expansion roadmap.
Hybrid Financing Backed by Real Estate
The package combines a corporate tranche with a secured tranche backed by a portfolio of eight industrial assets, seven located in France and one in Spain. The structure refinances FM Logistic’s existing debt, funds organic growth and supports investments by its in-house property arm NG Concept, which develops the group’s owned, multi-client warehouses.
“The funds raised will support our strategic priorities: automation, external growth and property development, from land identification through to delivering new sites we own and design to be multi-client, scalable and customisable,” FM Logistic said.
Tied to the Powering 2030 Plan
The refinancing slots into Powering 2030, FM Logistic’s mid-term strategic plan, which aims to scale a more integrated, productive and lower-carbon offer across its European footprint. CEO Jean-Christophe Machet framed the operation as a way to accelerate the rollout of the group’s model on the Continent against a fast-shifting supply chain backdrop.
FM Logistic operates contract logistics, transport and packaging services across more than a dozen countries in Europe and Asia, with a strong base in France, Spain, Poland and Central Europe. The 320 M€ package gives the privately held operator a deeper buffer for automation capex and bolt-on acquisitions over the next two to three years.
