DIF Capital Partners, an infrastructure fund manager with €16 billion ($17 billion) of assets under management, has extended its €1.2 billion ($1.3 billion) credit facility with its main group of lenders for another year, until September 2024.
As part of this deal, ESG-linked performance criteria was added to the loan agreement.
The credit facility was closed by the DIF Infrastructure VII fund and is provided by a club of banks including ABN AMRO, BMO, BNP Paribas, HSBC, ING, National Bank of Canada, Rabobank and Santander CIB. ING Bank acted as Sustainability Coordinator.
DIF Infrastructure VII is a closed-end infrastructure fund targeting high-quality, low-risk investments across Europe, North America and Australia. The vehicle has a €4 billion ($4.2 billion) fundraising target and a €5 billion ($5.2 billion) hard cap.
DIF Infrastructure VII consists of two entities — DIF Infrastructure VII Cooperatief U.A. and DIF Infrastructure VII. The core