ESR lands refinancing deal for logistics, data centre push
ESR has upsized a new sustainability-linked refinancing facility beyond its original US$2 billion (c$3.1b) target after securing demand from a global lender syndicate.
The five-year facility consolidates existing debt into a single multi-currency structure.
It will also support the group’s expansion across logistics property, data centres and related energy infrastructure.
Debt reset
The facility is fully underwritten by HSBC, Mizuho, Qatar National Bank, UOB, Maybank and OCBC along other groups.
The refinancing follows about US$1.1b (c$1.7b) of net debt repayments by ESR in 2025 with further deleveraging initiatives planned this year as the group simplifies its balance sheet (continues below).
ESR chief financial officer Matthew Lawson said lender support reflected confidence in the company’s strategy.
“This refinancing is a tangible demonstration of ESR’s disciplined approach to capital management for long-term growth,” he added.
“The oversubscription reflects strong lender conviction in our sharpened strategy and positions us to move decisively on the opportunities we see across logistics real estate and data centres,” according to the executive.
ESR owns and manages logistics and data centres across Asia-Pacific including Australia and New Zealand, Japan, South Korea, Greater China, Southeast Asia and India.
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