\n<\/p>\n
SINGAPORE\/HONG \u00a0<\/p>\n The Group has secured the loan from a \u00a0<\/p>\n The five-year senior unsecured, committed corporate facility is designed \u00a0<\/p>\n Jeffrey Perlman, Chairman of ESR, said: “ESG sits at the heart of our \u00a0<\/p>\n Jeffrey Shen and Stuart Gibson, Co-founders and Co-CEOs of ESR, said: “We \u00a0<\/p>\n With the completion of the ARA acquisition, ESR CONTACTS<\/b><\/p>\n Investors<\/b><\/p>\n Chang Rui Hua<\/p>\n Group Managing Director<\/p>\n Capital Markets and Investor Relations<\/p>\n +852 2376 9623<\/p>\n
\nKONG\u00a0–\u00a0Media
\nOutReach<\/a>\u00a0–\u00a030\u00a0January 2022 –\u00a0ESR
\nCayman Limited<\/a><\/strong> (“ESR” or the “Company”, together with its subsidiaries as the “Group”; SEHK Stock Code: 1821) has secured a Sustainability-Linked
\nLoan (“SLL”) of JPY28 billion (approximately US$243 million) with an option to
\nupsize it to JPY35 billion (approximately US$303 million). This represents an
\nimportant step for ESR as an enlarged platform in further strengthening its
\ncommitment in Environmental, Social and Governance (“ESG”), following the
\nrecent completion of the acquisition of ARA Asset Management (“ARA”).<\/p>\n
\nconsortium of leading Asian banks, including the Group’s strategic investor Sumitomo
\nMitsui Banking Corporation (“SMBC”) which acted as Sustainability Advisor and
\nMandated Lead Manager. Other Mandated Lead Managers included Mizuho Bank, Ltd.
\n(“Mizuho”) and E.Sun Commercial Bank, Ltd. (“E.Sun”).\u00a0 <\/p>\n
\nwith the same tiered incentive mechanism as the Group’s inaugural US$1 billion sustainability-linked
\nloan which closed in November 2021. ESR will be entitled to a reduction of interest
\nrate (currently at Tibor plus 1.8%) as sustainability targets are achieved. The
\nproceeds will be used to fund the Group’s refinancing of existing borrowings,
\nworking capital requirements and for general corporate purposes. This JPY28
\nbillion SLL also comes on the heels of the ARA US$1 billion
\nsustainability-linked loan which recently closed in January. Structured as a dual currency USD-SGD facility, ARA’s five-year unsecured committed
\nfacility is also designed with a
\npricing incentive mechanism to the extent it achieves its sustainability
\ntargets. <\/p>\n
\nbusiness, playing a key role in each and every part of our operations. With the
\nclosing of this financing, I am very pleased that the Group is already
\nrealising on its cost-of-capital synergies from the ARA acquisition. As the
\nlargest real asset manager in APAC, we have a strong sense of common purpose
\nand a vision to focus on the well-being and long-term priorities of our broader
\ncommunity and environment. We
\nlook forward to using the proceeds of this loan to sustainably enhance our
\nassets, operations and the communities in which we work.”<\/p>\n
\nwould like to express our gratitude to SMBC, Mizuho and E.Sun for their recognition
\nof the Group’s achievements and continued progress and emphasis on
\nsustainability. We are also delighted to have expanded our relationship with
\nSMBC which became ESR’s strategic investor as a part of the ARA acquisition. Together with the
\ntwo sustainability-linked loans ESR and ARA closed previously, these facilities
\nare important milestones as we seek to integrate sustainability in all aspects
\nof our business in pursuit of our goal of creating a positive impact on our stakeholders and the communities where
\nwe operate.” <\/p>\n
\nhas emerged as APAC’s largest real asset manager powered by the New Economy and the third largest listed real estate investment
\nmanager globally with a gross AUM of US$140 billion[1]<\/sup>. The integration with ARA, including its subsidiary LOGOS, also drives
\nthe Group to further strengthen its ESG leadership and offerings. The JPY28
\nbillion SLL backed by SMBC, Mizuho and E.Sun is a demonstration of such
\nefforts, in addition to ESR and ARA’s respective recent US$1 billion sustainability-linked
\nloans.