Klépierre: KLÉPIERRE SIGNS A €1.4BN SUSTAINABILITY-LINKED REVOLVING CREDIT FACILITY
17 Dicembre 2020 - 7:00AM
Klépierre: KLÉPIERRE SIGNS A €1.4BN
SUSTAINABILITY-LINKED REVOLVING CREDIT FACILITY
PRESS RELEASE
KLÉPIERRE SIGNS A €1.4BN
SUSTAINABILITY-LINKED REVOLVING CREDIT FACILITY
Paris — December 17, 2020
Klépierre, the European leader in shopping
malls, is today announcing the successful closing of a syndicated
revolving credit facility for a total amount of €1,385 million.
This five-year facility (incorporating two options to extend the
maturity by an additional year each) replaces the former facilities
maturing in 2021 and 2022. The Group’s liquidity position now
stands at €3.1 billion (€2.3 billion for the RCF, €0.4 billion in
cash and €0.4 billion in bank overdrafts), with an average maturity
of 4.9 years, fully covering Klépierre’s refinancing needs through
March 2024.
This sustainability-linked revolving credit
facility was also designed to support the Group’s ambition to
achieve carbon neutrality for its portfolio by 2030. It includes
especially a mechanism whereby when the annual carbon intensity
reduction objectives for the Group's malls have been met, the
margin on the credit is reduced, with the corresponding amount
being reinvested by Klépierre in installing or upgrading building
management systems(1) in its malls.
The bank syndicate encompasses 19 banks from
eight different countries. Barclays acted as documentation agent,
Crédit Agricole CIB, Santander and Natixis as sustainability
coordinators, Deutsche Bank and Société Générale as syndication
coordinators and BNP Paribas as credit agent.
|
AGENDA |
|
| February
17, 2021 |
2020
full-year earnings |
| May 6,
2021 |
Annual General Meeting |
|
Investor relations contacts |
media contacts |
| Hubert
d’Aillières, Group Head of IR and financial communication +33
(0)1 40 67 51 37 — hubert.daillieres@klepierre.comMengxing
Zhang, IR Officer +33 (0)1 40 67 53 05 —
mengxing.zhang@klepierre.com Paul Logerot, IR Officer +33 (0)1
40 67 53 02 — paul.logerot@klepierre.com |
Hélène Salmon,
Group Head of Corporate & Internal Communications +33 (0)1
40 67 55 16 — helene.salmon@klepierre.com Delphine Granier,
Taddeo +33 (0)6 33 05 48 50 —
teamklepierre@taddeo.fr |
ABOUT KLÉPIERRE
Klépierre, the European leader in shopping
malls, combines development, property and asset management skills.
The company’s portfolio is valued at €22.8 billion at June 30,
2020 and comprises large shopping centers in 12 countries in
Continental Europe which together host 1.1 billion visits per
year. Klépierre holds a controlling stake in Steen & Strøm
(56.1%), Scandinavia’s number one shopping center owner and
manager. Klépierre is a French REIT (SIIC) listed on Euronext Paris
and is included in the CAC Next 20, EPRA Euro Zone and GPR 250
indexes. It is also included in ethical indexes, such as DJSI World
and Europe, FTSE4Good, STOXX® Global ESG Leaders, Euronext Vigeo
France 20 and World 120. These distinctions underscore the Group’s
commitment to a proactive sustainable development policy and its
global leadership in the fight against climate change. For
more information, please visit the newsroom on our website:
www.klepierre.com
This press release is available on the Klépierre
website: www.klepierre.com
([1]) Computer-based control systems installed
in buildings that manage and monitor mechanical and electrical
equipment such as ventilation, lighting, power, fire, and security
systems.
Grafico Azioni Klepierre (EU:LI)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Klepierre (EU:LI)
Storico
Da Apr 2023 a Apr 2024
