- Upsized €300m RCF incorporates a €200m green component
- Green facility will finance 600,000 sq. ft. office development at Wilton Park
- Builds on IPUT’s commitment to UN Principles for Responsible Investment
- IPUT also raises €200m through inaugural US private placement
IPUT Real Estate (‘IPUT’), Ireland’s leading property company and the largest owner of offices and logistics assets in Dublin, announces a new and upsized €300 million revolving credit facility (‘RCF’) with Wells Fargo Bank N.A. In line with IPUT’s corporate values and commitment to responsible investment, the RCF includes a €200 million green component, representing the largest green facility in the Irish real estate market. IPUT also raised an additional €200 million in the US Private Placement market in early 2020. As a result of these transactions the weighted average maturity of IPUT’s debt has increased from 3 years to 7.5 years with an extremely low LTV of 7%.
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