Crédit Agricole provides 152.5m sustainable social loan to Énéal

Crédit Agricole provides 152.5m social impact sustainable loan to Énéal

Énéal, the social healthcare property company of Action Logement Group, has signed a €152.5 million social impact sustainable loan deal with the Crédit Agricole group to develop 10,500 housing units in France for seniors.

This 25-year, €152.5 million sustainable social loan will allow Énéal to finance the acquisition and refurbishment of existing social healthcare facilities.

The loan was agreed with Crédit Agricole Aquitaine, 15 Crédit Agricole regional banks, and with Crédit Agricole CIB as syndication and structuring agent.

This financing is part of Crédit Agricole group’s Societal Project, and in particular its commitment to provide easier access to healthcare and dignified ageing in all its territories.

For Mario Bastone, Énéal’s General Manager, “This agreement is a major milestone in Énéal’s development. The loan, granted by 16 Crédit Agricole regional banks, will allow us to finance large-scale operations all over the country in close coordination with local authorities and social healthcare providers.”

Sandrine Kergosien, Director for Corporates and Specialized Markets within Crédit Agricole Aquitaine, adds: “I am very happy to support this project, which is important to us and for which we are well aligned in terms of values, such as social usefulness, the environment and decarbonisation. I am delighted that the Crédit Agricole group was able to mobilize and create great synergies in line with the Group’s ambitions in terms of healthcare and ageing.”