ESR increases its first sustainability-related loan to the $ 1 billion ceiling

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2021-11-29

HONG KONG and SINGAPORE, November 29, 2021 / PRNewswire / – ESR Cayman Limited (“ESR” or the “Company”, together with its subsidiaries as the “Group”; SEHK stock code: 1821) is pleased to announce that the Group has launched its first sustainability-related loan (“SLL” ) to $ 1 billion after its first closure early November 2021.

Taking the first step towards sustainable funding, the group announced that it had received its first SLL from $ 700 million, with the option to enlarge it $ 1 billion, At November 1, 2021. After the initial announcement, the group has the gradual upsize part of $ 300 million in less than a month, supported by the addition of new Mandated Lead Arrangers, including Mizuho Bank, LTD (“Mizuho”), Natixis Hong Kong Branch (“Natixis”), The Hongkong and Shanghai Banking Corporation Limited (“HSBC”), and Malayan Banking Berhad (“Maybank”).

the $ 300 million Incremental Facility consists of a three-year tranche of $ 150 million at the Libor plus 2.25% and a five-year tranche of $ 150 million at the Libor plus 2.75%. It has the same financing structure and the same interest rate as the first tranche. The SLL contains a graduated mechanism for lowering interest rates, which is intended to provide the Group with incentives to achieve the sustainability goals. The income from the SLL will be used to refinance existing loans, working capital requirements and for general corporate purposes of the group.

Jeffrey Perlman, Chairman of ESR, said, “We are excited to add to our first SLL just weeks after its first degree, which will give us further momentum to continue our longstanding commitment to ESG. ESR Becomes the Largest Real Asset Manager After APAC With the proposed acquisition of ARA, the stakeholders and local communities we can influence will grow and expand rapidly. As part of this journey, we are committed to ensuring that the Group continues to integrate ESG into all aspects of its business, from corporate finance and sustainable growth to innovative property development and stakeholder engagement. “

Jeffrey Shen and Stuart Gibson, Co-Founders and Co-CEOs of ESR, added, “We would like to express our deep appreciation for the trust and support we have received from UOB, Credit Agricole, MUFG, OCBC, Mizuho, ​​Natixis, HSBC and Maybank represents ESR’s ongoing efforts to create sustainable value for all of our stakeholders and the communities we influence by tirelessly pursuing the goals of our five-year ESG roadmap to be industry leadership in ESG, and sustainable finance and operations. “

ESR has demonstrated its ESG credentials through its proven track record in sustainable real estate and operations, as well as best corporate practices, all of which are underlined on its ESG 2025 roadmap. The group recently achieved another year of excellent ratings and awards in the Global Real Estate Sustainability Benchmark (“GRESB”) Assessment 2021 while also earning an ESG rating of A from MSCI for the group’s ongoing sustainability performance.

About ESR

ESR is the largest APAC-focused logistics real estate platform by gross floor area (“GFA”) and by value of assets directly owned by the funds and investment vehicles it manages, with a growing presence in data centers. ESR and the funds and investment vehicles it manages are backed by some of the world’s leading investors, including APG, CPP Investments, JD.com, Oxford Properties, PGGM and SK Holdings. The ESR platform spans major economies across the APAC region, including China, Japan, South Korea, Singapore, Australia, India, Vietnam and Indonesia. away June 30, 2021, the fair value of the real estate held directly by ESR and the assets under management in relation to the funds and investment vehicles managed by ESR is approx. $ 36.3 billion, and the GFA of the completed properties and those under development, as well as the GFA of the properties to be built for future developments, totaled over 22.6 million m². Listed on the Main Board of the Stock Exchange of Hong Kong Limited in November 2019, ESR is part of the FTSE Global Equity Index Series (Large Cap), the Hang Seng Composite Index and the MSCI Hong Kong Index.

Further information on ESR can be found at www.esr.com.

CONTACTS

Investors

Chang Rui Hua

Group manager

Capital markets and investor relations

+852 2376 9623

[email protected]

media

Antonia Au

Group manager

Corporate communication

+852 2376 9617

[email protected]

SOURCE ESR Cayman Limited

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