Societe Fonciere Lyonnaise secures €835 million five-year revolver

By Devika Patel

Knoxville, Tenn., June 22 – Societe Fonciere Lyonnaise (SFL) has signed a five-year €835 million revolving bank credit facility with two one-year extension options, according to a press release.

The facility partially replaces existing lines.

The new credit facility includes a margin adjustment mechanism based on three environmental, social and governance performance indicators consistent with the group’s objectives and strategy in terms of carbon emissions reduction, asset certification and rating awarded by Global Real Estate Sustainability Benchmark, which analyzes and compares the ESG performance and best practices of companies active in the sector.

The credit facility was syndicated through a pool of 10 banks. BNP Paribas and CaixaBank were sustainability coordinators, while BNP Paribas was the transaction coordinator and facility agent.

“This transaction, which, carried out in an uncertain financial environment, reflects the robustness of SFL’s balance sheet, makes it possible to refinance existing lines and gives SFL the means to seize growth opportunities,” chief executive officer Dimitri Boulte stated in the press release.

SFL is a commercial real estate company based in Paris.

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