Travers Smith LLP has advised long-standing client RBS International (RBSI) on an innovative subscription line facility provided to Harbert European Real Estate Fund VI (HEREF), a fund managed by Harbert Management Corporation.
The subscription facility features a use-of-proceeds structure, which enables HEREF to achieve a benefit for sustainability-linked uses. This will support HEREF in unlocking value across its portfolio through investments in sustainable buildings, decarbonisation initiatives and affordable housing.
Finance Partner Danny Peel commented: "We are delighted to have advised long-standing client RBSI on this facility, which allows HEREF to continue deploying and investing capital whilst staying committed to its sustainability and transition objectives."
The Travers Smith team was led by Finance Partner Danny Peel, supported by Senior Associate Alastair Lowson and Associate Hannah Ramsey.
