Clifford Chance has advised a syndicate of international lenders, led by China Construction Bank (Europe) S.A. in Luxembourg as bookrunning mandated lead arranger and as agent, in relation to a Luxembourg law governed €440,000,000 green term loan facility for Warehouse De Pauw NV, a public regulated real estate investment company (BE-REIT) (“WDP”).
The proceeds from the loan will be used to fund WDP’s pre-let real estate developments and energy as a business-strategy, according to WDP’s Green Finance Framework. The loan was structured as a euro denominated bullet-type term loan, with a 7-year tenor maturing in 2030 and an effective fixed interest rate of 1.5% (including the pre-hedging instrument put in place at the start of the year).
Clifford Chance’s pan-European team was led out of Luxembourg by Marc Mehlen (Partner, Global Financial Markets), together with Adnes Muhovic (Counsel, Global Financial Markets) and Adrien Rosier (Associate, Global Financial Markets), and involved our finance and tax experts, Wim Aerts (Counsel, Global Financial Markets), Hanne Delbare (Associate, Global Financial Markets) and Thomas Linard de Guertechin (Associate, Tax) from the Brussels office.
