Paref: sustainable refinancing for 90 million euros

(CercleFinance.com) - Paref announced on Thursday that it had completed a refinancing package worth a total of 90 million euros in order to restructure its debt and carry out its development projects.


The property management specialist explains that this package comprises a 50 million euro loan with a five-year maturity and a 40 million euro confirmed available credit line with a four-year maturity.

In a press release, Paref explains that it has opted for sustainable financing, in line with its ESG strategy, in this case a so-called "sustainabilty-linked loan" focused on the achievement of key indicators such as carbon emission reduction and asset labeling.

The commercial real estate group states that this sustainable financing has been granted by HSBC, Crédit Agricole Ile-de-France and Caisse d'Epargne Bretagne-Pays de Loire.

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