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How a dozen banks and a green trigger recast a $1.4b debt deal

Aaron Weinman

Scape has followed up a $1 billion-plus fundraise with a $1.4 billion debt deal tied to green targets, that will enable the borrower to convert the debt into sustainable financing in future.

The student housing operator appointed Commonwealth Bank and ANZ, alongside 10 other lenders, to a transaction that motivated Scape to lower emissions and reduce waste in the future.

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Aaron Weinman was a correspondent at The Australian Financial Review.

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    Original URL: https://www.afr.com/companies/financial-services/how-a-dozen-banks-and-a-green-trigger-recast-a-1-4b-debt-deal-20231010-p5eb6v