QuadReal turns C$2.5 billion loan facility sustainable
4th April 2022
QuadReal Property Group has closed a $2.5 billion credit facility with sustainability-linked performance targets, transitioning an existing facility.
The 3 year senior unsecured credit facility was provided by a consortium of Canadian and international banks, with Bank of Nova Scotia, and Bank of Montreal as co-lead arrangers. It incorporates two sustainability-linked performance targets related to reductions in greenhouse gas intensity and energy usage.