Colonial advanced with €1.000M sustainable credit

Colonial advanced with €1.000M sustainable credit

Pere Viñolas, Colonial's President

This credit was submitted in accordance with sustainable criteria, being bound «to Colonial’s sustainability strategy being certified “GRESB” (Global Real Estate Sustainability Benchmark)», revealed the company in a release to the Madrid Stock Exchange, where it is listed.

It should be noted that this credit doesn’t have mortgage security and it is structured in «two 500 million euro tranches, with maturity in 2025, with the possibility of extending the maturity of the second tranche until 2027», explained the REIT led by Pere Viñolas.

Among the financial entities involved in the financing are Caixa Bank, BBVA, BNP and Natixis which acted as sustainability agents. Besides this role, CaixaBank also acted as agent bank in the operation.

With this new line of credit, Colonial should cancel two other credits representing a total 875 million euro and with maturities in 2022 and 2023.

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