Industrial developer CTP has signed a 5-year €1.3 billion Revolving Credit Facility (RCF), which replaces a previous RCF worth €550 million.
The RCF is sustainability-linked with the margin being adjusted based on CTP’s investments in photovoltaic plants and green leases.
“The new €1.3 billion RCF is materially increasing our liquidity position, supporting the financial stability and future growth of CTP. This also shows that CTP has more than doubled the size of the portfolio since the IPO in March 2021, and our increased capital markets activities. We continue to strengthen the relationship with our key banking partners, with most of the existing RCF lenders increasing their exposure, while also attracting several new banks in the facility, broadening our lenders pool,” says Richard Wilkinson, CTP’s Group CFO.
RCF syndicate includes 15 banks, with Citi and ING as Coordinators and Citi, ING and SMBC Group as Sustainability Coordinators.
CTP owns 12.6 million sqm of industrial projects across 10 countries as of September 30.
