CTP N.V. has announced the successful signing of a 5-year EUR 500 million unsecured syndicated sustainability-linked loan facility at a fixed all-in cost of 3.7%.
According to CTP, “the syndication met very strong demand from both existing and new lenders resulting in being over 2x oversubscribed. SMBC and ING acted as Global Coordinators and Sustainability Coordinators. The syndicate comprises a group of 13 European and Asian banks.
The facility will be primarily used to refinance the syndicated loan executed in 2023 allowing CTP to achieve material interest savings and reduce the overall cost of debt.”
Image source: www.ctp.eu
