CA Immo has signed a three-year revolving credit facility worth €150 million with an option to increase it by €50 million and two one-year extension options. The margin on the credit facility is linked to the company's investment grade rating and the performance of sustainability indicators for the property portfolio.
The facility replaces the RCF first concluded in 2021 and serves to secure the company's liquidity for general corporate purposes including acquisitions. A consortium of five banks led by Crédit Agricole Corporate and Investment Bank is providing the loan, including Deutsche Bank, Erste Group Bank, RBI, and Unicredit Bank Austria.
Andreas Schillhofer, CFO of CA Immo, said: "By refinancing our RCF at an early stage, we are achieving long-term positive effects by increasing the efficiency of our liquidity management and strengthening our financing structure. We can use the measures we are continuously implementing as part of our portfolio strategy to enhance the quality and sustainability of our portfolio to optimise our financing conditions."
The margin of the RCF is linked to the achievement of target quotas in terms of sustainability certifications and energy efficiency classes for CA Immo's property portfolio. Crédit Agricole CIB acted as coordinator, bookrunner, mandated lead arranger, and sustainability coordinator.
