French asset manager Paref has announced the signing of a corporate financing for €90 mln. The financing consists of a €50 million loan with a five-year maturity and a confirmed undrawn credit line of €40 million with a four-year maturity.
The facility will enable the group 'to refinance its debt and pursue its on-going and future development projects'. The loan has an ESG Framework based on Key Performance Indicators such as carbon emission reduction and asset labelling, as well as Sustainability Performance Targets over the financing period.
It has been granted by HSBC Continental Europe, acting as Coordinator, Arranger, ESG Arranger and Agent, Crédit Agricole Ile-de-France acting as Arranger et ESG Arranger, and Caisse d'Epargne Bretagne - Pays de Loire.
Source: https://propertyeu.info/Nieuws/Paref-locks-90m-corporate-financing/42208100-913e-4f82-8c86-d2047ca55a62, on 7.12.2023.