NE Property BV, part of the NEPI Rockcastle Group, has obtained a €190 million sustainability-linked revolving credit facility from a banking consortium in Romania.
The financing, structured as a three-year "club loan" with a potential two-year extension, was granted by BRD Groupe Société Générale, UniCredit Bank and Garanti BBVA Romania.
BRD coordinated the loan as mandated lead arranger, lender, sustainability structuring bank, and facility agent. The financing aligns with NEPI Rockcastle's Sustainable Finance Framework.
As part of the financing deal, BRD committed €100 million, UniCredit Bank €50 million, and Garanti BBVA Romania €40 million.
Jean-Philippe Guillaume, Deputy CEO of BRD and Head of Corporate Banking, said: “Granting this second syndicated sustainability-linked loan to our client NEPI Rockcastle reflects the mutual trust built over time and our shared commitment to responsible development, with care for the environment, climate and communities. ”
“Although this year has been marked by uncertainty and instability, we clearly see that such circumstances can bring opportunities, not just risks, and NEPI Rockcastle Group has convinced us that it is well-prepared to manage market challenges and continue its sustainable growth strategy,” added Adrian Pârvulescu, Director of Medium Corporates at UniCredit Bank.
This financing initiative is set to bolster NEPI Rockcastle's investments in projects aimed at reducing the group’s carbon footprint.
Law firm CMS supported the banking consortium on the financing, while Dentons worked with NEPI Rockcastle.
