
Property group ESR to upsize $2bn sustainability-linked facility
The five-year sustainability-linked refinancing consolidates several loan facilities into a single, multi-currency structure across multiple funding currencies; the Apac property firm wants to grow its core logistics and data centre businesses.
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Singapore-headquartered ESR, an Asia Pacific (Apac) real asset owner and manager, is exercising an upsize option to increase its new sustainability-linked refinancing facility beyond the initial $2 billion target, with the firm citing strong demand from its lender syndicate.
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