Vigeo Eiris provided the Mexican real estate company Fibra Uno with an independent opinion for a syndicated revolving credit facility linked to sustainability KPIs.
This $1.11 billion 5-year multi-currency revolving credit facility is dedicated to replacing a previous MXN17 billion (about $885 million) line of credit signed in 2015.
It was signed with a group of 11 banks in which BBVA acted as the major sustainable agent.
Vigeo Eiris has been commissioned to provide an independent opinion on one major sustainability indicator:
Electricity intensity for all the company’s managed assets (in kWh consumed divided by square meters occupied).
The Opinion was established according to our ESG exclusive assessment methodology and to the Loan Market Association’s Sustainability Linked Loan Principles (Download PDF).
This credit transaction confirms the development of this new way to directly align the financing cost to the sustainability performance of a company, either using indicators or ESG scores