Cases & Deals

Crédit Agricole Corporate and Investment Bank and ING Bank provide up to €110 million facilities agreement to Italian closed-end real estate fund

Client(s) Crédit Agricole Corporate and Investment Bank, Milan branch, and ING Bank N.V.

Jones Day advised Crédit Agricole Corporate and Investment Bank, Milan branch, as facility agent, mandated lead arranger, underwriter, bookrunner, green structuring coordinator, and original lender, and ING Bank N.V., Milan branch, as mandated lead arranger, underwriter, bookrunner, green structuring coordinator, and original lender, in connection with a facilities agreement for making available certain facilities up to €110 million in aggregate to the Italian closed-end real estate fund denominated "Nexus 1 - Fondo Comune di Investimento Immobiliare di Tipo Chiuso", managed by Amundi RE Italia SGR S.p.A. The facilities agreement is aimed at financing inter alia certain properties assessed as “green buildings” in compliance with the Green Loan Principles issued by the Loan Market Association as of February 2021 provided that such properties have a Class A Energy Performance Certification and/or are within the top 15% of the national or regional building stock expressed as operational Primary Energy Demand (PED).