De Pardieu has advised Société de la Tour Eiffel, an integrated and listed property company specializing in commercial real estate in the Grand Paris area, on the setting-up of a €90 M revolving credit facility intended to finance its working capital requirements.
This sustainable financing is linked to 3 ESG performance targets. This new responsible 7-year credit line (5 years with two one-year extensions) has been arranged with Caisse Régionale de Crédit Agricole Mutuel de Paris et d’Ile-de-France. It will extend the maturity of the debt and maintains the Group’s liquidity, while underscoring the latter’s strict and cross-functional ESG approach.
Building on the firm commitment shown by the Company on ESG issues over the past few years, this loan is linked to the achievement of objectives including improved energy efficiency, the certification of new projects, and ESG training for employees.