Alternative lender Niam Credit and Swedish property company Rikshem have transitioned their recently issued 10-year term loan into sustainability-linked financing.
The SEK 844 mln (€73 mln) loan, originally issued by Niam Credit in December 2023, now aligns with Rikshem's sustainability-linked loan framework.
This framework focuses on key performance indicators that drive improvements in resident safety, promote sustainability across the supply chain, and reduce climate impact within Rikshem's existing portfolio and new constructions. The sustainability targets are applied holistically across Rikshem's portfolio and operations.
Ulrika Lööf, head of Sustainability at Niam Credit, said: ‘As financiers, we value Rikshem’s long-term commitment to sustainability, which aligns strongly with our own sustainability ambitions at Niam. By linking this loan to measurable sustainability goals, we’re supporting impactful, long-term change that benefits communities and the environment.’
Fredrik Sandell, Group treasurer, Rikshem, added: ‘At the beginning of the year, Rikshem launched a so-called sustainability-linked loan framework that focuses on Rikshem's long-term sustainability goals. It is very satisfying that we now also are using the same objectives in our loan facility with Niam Credit. This gives us additional incentives to work towards our long-term and ambitious sustainability goals as it also contributes to better financing conditions.’
