Wereldhave launches Green Financing Framework and secures new funding
April 23 2020 - 11:45AM
Wereldhave launches Green Financing Framework and secures new
funding
Wereldhave N.V. (“Wereldhave”) announces today the launch of the
Green Financing Framework and has agreed under this framework a new
Green Revolving Credit Facility of €100 million with ABN AMRO Bank
N.V. as a sole lender.
Dennis de Vreede, CFO of Wereldhave: “Sustainability has been
integrated in Wereldhave’s operations for years. With the energy
transition ahead of us and our commitment to the Science-Based
Targets initiative recently, this Green Financing Framework now
allows us to integrate our financial structure with sustainability.
The newly established Green Revolving Financing Facility
immediately reflects how we can improve our financial structure
within a sustainable context”.
Wereldhave Green Financing
FrameworkSustainability is a key part of our value
proposition to both tenants and visitors and to achieve long-term
value creation in our business model. In order to anchor
sustainability into its financing activities, Wereldhave developed
a Green Financing Framework. It aims to attract funding that will
be allocated to sustainable and energy efficient real estate assets
which contribute to social and sustainable engagement in local
communities. Under this framework, Wereldhave can issue a variety
of green finance instruments, including green bonds, green private
placements, green (syndicated) loan facilities and other green debt
instruments.The Wereldhave Green Finance Framework is aligned with
Wereldhave’s new Corporate Social Responsibility (CSR) programme
for 2030, A Better Tomorrow.ISS ESG, a leading rating agency in the
field of sustainable investments, has certified the Wereldhave
Green Financing Framework. The framework and the second party
opinion are available on Wereldhave’s website at
https://www.wereldhave.com/investor-relations/green-finance-framework/ABN
AMRO Bank N.V. acted as advisor in the development of the
framework.
Green Revolving Credit FacilityWereldhave has
agreed with ABN AMRO Bank N.V. a Green Revolving Credit Facility of
€100 million. This new facility, with a term of two years, will
increase the financial headroom of Wereldhave and contributes to
the financing activities through 2021 accordingly.The Green
Revolving Credit Facility will be used to finance Wereldhave’s
LifeCentral Strategy to transform identified shopping centers into
sustainable and energy efficient Full Service Centers as defined in
the Wereldhave Green Finance Framework.“We are very happy with the
closing of this new Green RCF for Wereldhave as inaugural trade
under the Green Finance Framework. It gave us the opportunity to
combine two of our core values by supporting the company in its
strategic transition process as well as contributing to their
sustainability efforts.” says Axel Sibmacher van Nooten, Head of
Infrastructure Coverage at ABN AMRO.
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