• Photo: ESR


Artikel Nummer: 38808

ESR raises one billion dollars

ESR, a major APAC focused logistics real estate platform, has upsized its first sustainability-linked loan (SLL) to USD 1 billion after its first close in early November 2021.


Taking its inaugural step into sustainable financing, the group announced that it had secured its first SLL of USD 700 million, with an option to upsize it to USD1 billion, on 1 November 2021. Now, the group has completed the incremental upsize portion of USD 300 million in less than one month.


Proceeds raised from the SLL will be used for the group’s refinancing of existing borrowings, working capital requirements and "for general corporate purposes" without specifying concrete activities. Among the supporting banks are UOB, Credit Agricole, MUFG, OCBC, Mizuho, Natixis, HSBC and Maybank. (sh)




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