TOUR EIFFEL (EPA:EIFF) Press Release - Société de la Tour Eiffel signs a EUR 90 M Sustainable loan linked to 3 ESG performance targets
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Société de la Tour Eiffel signs a €90 M Sustainable loan linked to 3 ESG performance targets
Société de la Tour Eiffel has secured a new responsible credit line, the terms of which are linked to ESG (Environment, Social and Governance) performance criteria. This €90m 7-year loan (5 years with two one-year extensions) was provided by the Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France.
This credit facility replaces an existing loan that is reaching maturity. It will extend the maturity of the debt and maintain the Group's liquidity, while underscoring the latter's strict and cross-functional ESG approach.
Building on the firm commitment shown by the Company on ESG issues over the past few years, this loan is linked to the achievement of objectives, including improved energy efficiency, the certification of new projects, and ESG training for employees.
“Signed amid a challenging environment for our industry, this deal highlights the strength of our relations with our banking partners and their commitment to supporting us as we deploy our roadmap. This first sustainable linked loan will also align our financial policy with our ESG pledges, a historical pillar in the Company's strategy” says Christel Zordan, Chief Executive Officer of Société de la Tour Eiffel.
In securing this deal, Société de la Tour Eiffel was assisted by De Pardieu Brocas Maffei and by Aegilim, expert in energy and environmental engineering. Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France was advised by Gide Loyrette Nouel.
| Media relations Laetitia Baudon Consulting Director – Agence Shan +33 6 16 39 76 88 laetitia.baudon@shan.fr |
| Investor relations Aliénor Kuentz Head of Client Relations – Agence Shan +33 6 28 81 30 83 alienor.kuentz@shan.fr |
About Société de la Tour Eiffel
With a property portfolio amounting to €1.7bn, Société de la Tour Eiffel is an integrated real-estate company with a strong culture of services. Société de la Tour Eiffel is a nimble player operating across a variety of asset types (offices, urban logistics, managed residential property, retail) in the Greater Paris area and major regional cities. An active player throughout the property cycle, it assists its tenants – companies of all sizes and sectors – through high-standard direct management of its properties. Société de la Tour Eiffel conducts a pro-active and transversal CSR policy that is an integral part of its strategic orientations.
Société de la Tour Eiffel is listed on Euronext Paris (B board) – ISIN code: FR0000036816 – Reuters: TEIF.PA – Bloomberg: EIFF.FP – Member of the IEIF Foncières and IEIF Immobilier France indices
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Full and original press release in PDF: https://www.actusnews.com/news/85128-20240416-en-tour_eiffel-sll_2024.pdf