Leading international law firm Clifford Chance advised Unibail-Rodamco, Europe's leading listed commercial property company, on its first €650 million "green" loan.

This is a first-of-its kind "green" loan as the interest margin is not only tied to the Group’s long-term credit ratings, but also to three green Key Performance Indicators based on the Group's "Sustainability Vision" and "Better Places 2030" strategies.

The facility consists of a revolving loan facility, available in Euro, having a five year initial termination date, with two one-year extension options. It enables Unibail-Rodamco to refinance an existing debt facility from 2011 and provides liquidity for general corporate purposes.

Unibail-Rodamco was advised by Clifford Chance with Cédric Burford, partner, Sophie Guilhem-Ducléon, counsel, Auriane Bijon, counsel, and Lou Bernard, associate.