Advestra advises Swiss Prime Site on comprehensive refinancing
Swiss Prime Site completed a refinancing with 11 Swiss banking institutions and two unsecured credit facilities agreements with a total amount of CHF 2.6 billion, particularly to redeem the vast majority of its bank mortgages. The new financing is also directly linked to Swiss Prime Site’s comprehensive sustainability objectives. The credit margin to be paid is dependent on both the LTV ratio and the development of the company’s external ISS ESG rating.
Advestra advised Swiss Prime Site on all aspects of the refinancing. The team included Alexander von Jeinsen, Marlon Bertolini and Stefanie Ramsperger (Finance), Thomas Reutter (Capital Markets) as well as Laurent Riedweg and Markus Mühlemann (Tax).