SFL — Signing of a 5-year €835 Million Sustainability-linked Syndicated Revolving Credit Facility, Including Three ESG Performance Indicators
19 Juin 2023 - 11:26AM
Business Wire
Regulatory News:
SFL (Paris:FLY) has signed an €835 million revolving bank credit
facility.
The 5-year facility (plus two 1-year extension options)
partially replaces existing lines and also enhances the Group’s
liquidity.
The new credit facility includes a margin adjustment mechanism
based on three ESG performance indicators consistent with the
Group’s objectives and strategy in terms of carbon emissions
reduction, asset certification and rating awarded by GRESB (Global
Real Estate Sustainability Benchmark, which analyses and compares
the ESG performance and best practices of companies active in the
sector).
“This transaction, which, carried out in an uncertain financial
environment, reflects the robustness of SFL’s balance sheet, makes
it possible to refinance existing lines and gives SFL the means to
seize growth opportunities,” said Dimitri Boulte, Chief Executive
Officer of SFL.
The credit facility has been syndicated through a high-quality
banking pool of ten leading banks. BNP Paribas and CaixaBank acted
as sustainability coordinators, while BNP Paribas also acted as
transaction coordinator and facility agent.
About SFL
Leader in the prime segment of the Parisian commercial real
estate market, Société Foncière Lyonnaise stands out for the
quality of its property portfolio, which is valued at €8.2 billion
and is focused on the Central Business District of Paris
(#cloud.paris, Edouard VII, Washington Plaza, etc.), and for the
quality of its client portfolio, which is composed of prestigious
companies in the consulting, media, digital, luxury, finance and
insurance sectors. As France’s oldest property company, SFL
demonstrates year after year an unwavering commitment to its
strategy focused on creating a high value in use for users and,
ultimately, substantial appraisal values for its properties.
Stock market: Euronext Paris Compartment A – Euronext Paris ISIN
FR0000033409 – Bloomberg: FLY FP – Reuters: FLYP PA
S&P rating: BBB+ stable outlook
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version on businesswire.com: https://www.businesswire.com/news/home/20230619326912/en/
SFL – Thomas Fareng – T +33 (0)1 42 97 27 00 –
t.fareng@fonciere-lyonnaise.com
www.fonciere-lyonnaise.com
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