Borenius advised the lenders on the EUR 915 million refinancing of eQ Commercial Properties Fund and eQ Social Infrastructure Fund

We advised the lenders on the EUR 915 million refinancing of special investment funds eQ Social Infrastructure Fund and eQ Commercial Properties Fund.

The EUR 600 million financing package for eQ Social Infrastructure Fund comprised three senior secured term loan facilities totalling EUR 550 million with a four-year average maturity and a EUR 50 million revolving credit facility. The EUR 315 million financing package for eQ Commercial Properties Fund comprised three equal senior secured term loan facilities with a four-year average maturity. The proceeds of both facilities will be applied to refinance the funds’ existing indebtedness and to support their general corporate purposes.

The financing for eQ Social Infrastructure Fund was arranged by Nordea Bank Abp (as Coordinating Mandated Lead Arranger and Bookrunner), Danske Bank A/S, OP Corporate Bank plc, Skandinaviska Enskilda Banken AB (publ) and Swedbank AB (publ) (as Mandated Lead Arrangers), with Aktia Bank plc and Säästöpankki Helsinki Oy participating as lenders.

The financing for eQ Commercial Properties Fund was arranged by Nordea Bank Abp (as Coordinating Mandated Lead Arranger and Bookrunner), OP Corporate Bank plc and Swedbank AB (publ) (as Mandated Lead Arrangers), with Aktia Bank plc, Deutsche Pfandbriefbank AG and Säästöpankki Helsinki Oy participating as lenders.

Both transactions were executed as green loans and include uncommitted accordion facilities totalling EUR 155 million to support future investment needs and flexibility in refinancings.