The loan, signed in March 2023, falls into the category of green financing, meeting the criteria of a substantial contribution to mitigating climate risks, as both Mega Mall and Promenada Sibiu benefit from sustainable certifications “BREEAM In-Use”, excellent qualification, and certificates from Class A energy performance.
“The EUR200 million financing has improved our liquidity position and proved once again our long-term long-term commitment to sustainability. We would like to thank all the parties involved which have contributed to carrying out this successful project”, said Eliza Predoiu, CFO of NEPI Rockcastle.
In the financing transaction, NEPI Rockcastle was advised by the international law firm Dentons Europe – Zizzi-Caradja and Asociati SPARL, and the banking consortium was assisted by Wolf Theiss Rechtsanwalte GmbH & Co KG.
Law frm Dentons has provided legal assistance during the financing transaction, from the structuring stage up to the client’s obtaining the loan money.The team was led by Simona Marin (partner and coordinator of the Banking & Finance Practice within Dentons Bucharest) and consisted of Sandra Constantin (senior associate) and Alin Serea (associate) – lawyers specialized in the finance law practice, Bogdan Papandopol (partner), Luiza Onofrei (senior associate) and Bianca Isache (associate) – lawyers specialized in the real estate practice. On the Dutch side, the assistance on Dutch law was provided by lawyers of the Banking & Finance Practice within Dentons Amsterdam – Marcel Janssen (partner) and Daan Overwater and Iris van Noort (associates).
The new financing will be used to repay the credit lines used for the acquisitions of Forum Gdansk and Copernicus Shopping Center in Poland, completed in December 2022. Following the repayment, the total capacity of these revolving credit facilities of the Group will be restored to EUR620 million.
“Through the new green financing worth 200 million euros, together with other sources of financing and capital of the Group, we have established a diversified and well-balanced capital structure, which will support the pace of growth of our activity. NEPI Rockcastle has adequate and varied resources to finance the current development and investment plans,” said Rüdiger Dany, CEO, NEPI Rockcastle.