Dentons has advised the CPI Property Group on its debut sustainability-linked loan through a bilateral facility with MUFG.
"The five-year senior unsecured loan totals EUR 100 million and will be used for general corporate purposes," Dentons informed. "In keeping with CPIPG’s commitment to reduce the greenhouse gas emissions of its property portfolio, the margin of the loan will step up or down on an annual basis from 2023 onwards, dependent on the achievement of certain milestones in this regard."
CPIPG is a real estate owner in Berlin, Prague, Warsaw, and other European countries.
MUFG, the Mitsubishi UFJ Financial Group, Inc. is a Japanese bank holding and financial services company.
The Dentons team was led by Prague-based Partner Jiri Tomola and included Associates Ondrej Vales and Leontyna Bartov, as well as teams from the firm’s London and Luxembourg offices.