CTP secures €1.3B sustainability-linked RCF for solar and Green Leases

CTP’s RCF includes KPIs for solar PV roll-out, Green Leases, and “A” grade EPC certifications. (Image Source: AI Generated)

Czech Republic’s CTP, Europe’s developer of industrial and logistics properties, signed a €1.3 billion (~$13.75 billion) sustainability-linked Revolving Credit Facility (RCF), replacing its previous €550 million (~$5.81 billion) facility. The undrawn RCF was established as a back-up for liquidity and included sustainability KPIs such as solar PV roll-out, Green Leases, and “A” grade EPC certifications. The RCF syndicate consisted of 15 banks, with Citi and ING acting as Coordinators and Citi, ING, and SMBC serving as Sustainability Coordinators.