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Dec 2022
nsi
Sole Financial Adviser
€50 million
Term Loan Extension

NSI

Sole Financial Adviser

Van Lanschot Kempen acted as Sole Financial Adviser to NSI in the amendment and extension of a €50 million Term Loan. The new facility has a 4-year maturity and includes a sustainability-linked interest margin mechanism

Transaction highlights

  • NSI successfully completed an amendment and extension of its term loan facility. The facility’s maturity has been extended by four years, to December 2026. Following the transaction, NSI’s average debt maturity increased from 4.2 years per Q3 2022 to 4.7 years
  • The new agreement includes a sustainability-linked mechanism through which the interest margin will be adjusted, based on NSI’s performance on four performance indicators: an energy intensity reduction target, the percentage of the portfolio that is aligned with the EU Taxonomy of sustainable investments, the average BREEAM score of the portfolio, and the company’s GRESB rating
  • Alianne de Jong (CFO at NSI): “The inclusion of the sustainability-linked mechanism aligns with NSI’s conviction that a more sustainable portfolio is vital to the business’ long-term financial viability and performance.”
  • Guus de Haan (Head of Debt Advisory at Van Lanschot Kempen): “We congratulate NSI with the successful completion of this sustainability linked financing. Despite volatile lending markets, NSI was able to benefit from its strong balance sheet, high quality portfolio and the longstanding relationship with its funding partners.”
  • Van Lanschot Kempen acted as Sole Financial Adviser to NSI

Company description

  • NSI is a Dutch Euronext listed commercial property investor, focusing on providing best-in-class flexible space solutions and services in modern, sustainable buildings in prime locations
  • NSI’s portfolio consists of 51 properties, with a value of €1.3 billion

Van Lanschot Kempen Real Estate credentials

  • Van Lanschot Kempen has advised on more than €105bn real estate transactions across 15 different countries in Europe. Since 2020 to date, Van Lanschot Kempen advised on >110 transactions across different countries, representing a total deal value of >€30bn in a challenging and unprecedented pandemic environment
  • This transaction marks our sixth Debt Advisory transaction this year in European Real state as we continue to support our clients active in the sector

Please do not hesitate to contact us if you have further questions

Guus de Haan Van Lanschot Kempen

Guus de Haan

Managing Director
Debt Advisory
EmailMail Guus de Haan