NEPI ROCKCASTLE PLC - NEPI Rockcastle signs a 175 million ESG-linked syndicated revolving credit facility

NEPI Rockcastle signs a €175 million ESG-linked syndicated revolving credit facility

NEPI Rockcastle plc
Incorporated and registered in the Isle of Man
Registered number 014178V
Share code: NRP
ISIN: IM00BDD7WV31
(“NEPI Rockcastle”)


NEPI ROCKCASTLE SIGNS A €175 MILLION ESG-LINKED SYNDICATED REVOLVING CREDIT FACILITY


On 16 December 2019, NEPI Rockcastle’s wholly-owned subsidiary, NE Property BV, signed a €175 million
three-year unsecured revolving credit facility (“RCF”) with two one-year extension options. The facility includes
a non-committed accordion clause that allows the increase of the facility size by up to an additional €150 million.

The RCF also includes an environmental, social and corporate governance (“ESG”) pricing mechanism linking the
margin of the RCF to NEPI Rockcastle’s ESG risk rating score. Should the ESG risk rating score increase, the
margin of the RCF will increase, and vice versa.

NEPI Rockcastle’s ESG rating has been assessed by Sustainalytics, a leading independent ESG and corporate
governance research provider, ratings and analytics firm that supports investors around the world with the
development and implementation of responsible investment strategies. ESG Risk Rating data licensed by
Sustainalytics may be used as part of the process of setting an interest rate by a lender. The ESG Risk Rating and
Report produced by Sustainalytics is intended for use in the overall assessment of the borrower, being at the sole
discretion of the lenders.

The RCF is to be used for general corporate purposes and has been provided by a syndicate of four banks: Citibank,
Deutsche Bank, HSBC and J.P. Morgan, where Deutsche Bank acted as coordinator, facility agent and
sustainability agent.

In 2018 NEPI Rockcastle extended its existing revolving credit facilities to the amount of €400 million with BRD
– Group Societe Generale, Garanti BBVA International NV, Garanti BBVA Romania, ING Bank NV Amsterdam,
Bucharest Branch, Raiffeisen Bank International and Societe Generale.

This new RCF increases NEPI Rockcastle’s total unsecured revolving financing capacity to €575 million, all of
which is currently available for drawdown. The Company enjoys a comfortable liquidity level, according to its
prudent financial policy, allowing it to further invest in its acquisitions and development pipeline.

“We are delighted to put in place this liquidity facility which will strengthen our position while NEPI Rockcastle
continues to grow. The linking of our sustainability scores to our cost of capital demonstrates NEPI Rockcastle’s
strong commitment towards ensuring our robust Environmental, Social and Governance practices” said Mirela
Covasa, Chief Financial Officer (CFO) of NEPI Rockcastle.

For further information please contact:

NEPI Rockcastle plc
Mirela Covasa                                                 +40 21 232 1398

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Brunswick Group                                               +27 11 502 73 00
                                                              nepirockcastle@brunswick.com
18 December 2019

Date: 18-12-2019 12:30:00
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