The US$300 million incremental facility consists of a three-year tranche of US$150 million at Libor plus 2.25% and a five-year tranche of US$150 million at Libor plus 2.75%. It shares the same financing structure and interest rate with the initial tranche.
Hong Kong Exchange-listed ESR Cayman announced that it had secured its first sustainability-linked loan (SLL) of US$700 million, with an option to upsize it to US$1 billion, on November 1, 2021.
On the heels of the initial announcement, it has completed the incremental upsize portion of US$300 million in less than one month backed by the addition of new mandated lead arrangers, including Mizuho Bank, Natixis Hong Kong Branch, The Hongkong and Shanghai Banking Corporation (HSBC), and Malayan Banking Berhad (Maybank).
