Dutch property landlord NSI said on Thursday that it has amended and extended a revolving credit facility with ABN Amro, ING, Rabobank and Belfius.
In the amended agreement the loan’s maturity isset for a new 5-year term until December 2026 and also includes a sustainability-linked interest margin mechanism.
With this extension NSI’s average debt maturity increases to 5.1 years up from 4.7 years as per Q3 2021 and cost of debt remains stable at 2%, the company said.
CEO Alianne de Jong said: ‘The inclusion of this framework cements NSI’s strategy to fully integrate sustainability into all aspects of its business and operations. We believe this is critical as the financial performance and long-term viability of assets and businesses become increasingly correlated to their sustainability.’
NSI was advised by ABN Amro as sustainability coordinator and documentation agent and NautaDutilh as legal advisor.
