Colonial obtains revolving credit of €1 billion

We advised Colonial on a new type of revolving financing not secured by a mortgage, the interest rate of which is linked to the evolution of certain corporate sustainability parameters audited by an independent agency.

The banking pool was made up of different national and international financial institutions, including CaixaBank acting as the agent bank; and BBVA, BNP, Natixis, and again CaixaBank, acting as sustainability agents.

The new credit line, with two €500-million tranches and an extension option of up to two years, will inject liquidity into the company for its business over the next five years.


In the context of a global crisis, this transaction shows how resilient the real estate sector is in premium locations.

Pol Solsona, 2020