It will also be used to repay part of the drawn amounts under CEREIT’s revolving credit facility of EUR200 million due to expire in 2024 .
The manager of Cromwell EREIT (CEREIT) has announced that it has entered into a EUR180 million ($251 million) sustainability loan facility.
The loan has a final maturity date of four years from the date of its first utilisation, and CEREIT says it will be used for repaying the majority of the outstanding borrowings under CEREIT’s existing debt facility, due to expire in November 2023.
