CA Immo secures €150m revolving credit facility

CA Immo has secured a new €150 mln sustainability-linked revolving credit facility (RCF), with potential to increase to €200 mln and extend for two additional years. 

Andreas Schillhofer

This flexible, three-year agreement replaces a previous RCF and will bolster the company's liquidity for general corporate needs, including acquisitions. 
The interest rate on the loan, provided by a consortium of five banks (Deutsche Bank, Erste Group Bank, RBI, and Unicredit Bank Austria) led by Crédit Agricole Corporate and Investment Bank, is tied to CA Immo's investment grade rating and its progress in achieving specific sustainability targets for its property portfolio, such as sustainability certifications and energy efficiency improvements.
The flexible credit facility can be used for general corporate purposes (including acquisitions). 
Andreas Schillhofer, CFO of CA Immo: “By refinancing our RCF, which was concluded in 2021, at an early stage, we are achieving long-term positive effects by increasing the efficiency of our liquidity management and strengthening our financing structure. At the same time, we can use the measures we are continuously implementing as part of our portfolio strategy to enhance the high quality and sustainability of our portfolio to optimise our financing conditions.”