DEALS

Entrenching sustainability
in Commercial Property
Finance across borders

SHARE
Facebook
Twitter

We are proud to have acted as a funder in Grit’s multi-jurisdictional syndicated USD306million Sustainability-Linked Term Loan.

Grit Real Estate Income Group Limited is a public company registered and headquartered in Mauritius and is a leading pan-African real estate company focused on investing in, and, actively managing a diversified portfolio of assets in carefully selected African countries (excluding South Africa). The Group has a full suite of on-the-ground capabilities and has a proven ability to generate attractive African returns for a sound risk profile.

The deal was a Syndicated USD306million Sustainability Linked Term Loan that centralized our client’s Treasury function, pooled their debt across the majority of the geographies in which they operate, and extended their debt maturity profile.

With this deal, Grit has migrated from the traditional financing model where debt is raised on an asset by asset basis. Outside of South Africa, this is the largest syndicated sustainability linked transaction on the continent to date.

We are proud to have played a key role in this transaction that directly contributes to entrenching sustainability KPIs in the Commercial Property Finance sector.

The transaction's success in challenging market conditions is reflective of our clients’ confidence in us, as well as our capabilities and expertise in facilitating complex pioneering transactions across the African continent.

Related Articles

DEALS

Leading the Expansion of Africa’s Capital Markets

We are pleased to have acted as Lead Transaction Advisor for Emtel Limited on their Initial Public Offering and subsequent listing on the Stock Exchange of Mauritius.

DEALS

Accelerating communications access across the continent

We are pleased to have acted as Subscriber and Mandated Lead Arranger for Convergence Partners and the Datacentrix management team in their 100% acquisition of Datacentrix from the Alviva Group.

DEALS

Enabling the vision of a more connected Africa

We are pleased to have acted as sole M&A Advisor to Alviva, in their disposal of Datacentrix to Convergence Partners and the Datacentrix management team.