Big Yellow Storage has struck a £300m ESG-linked refinancing.
The company’s new facility has been signed for three years with an option to extend for a further two years. The margin is the same as the existing facility, at 1.25%. Barclays has joined existing lenders Lloyds Bank, HSBC and Bank of Ireland.
The loan is tied to annual targets around reducing Scope 1 and 2 emissions, an increase in solar generation capacity, grants to Big Yellow Foundation charity partners and the value of storage space provided free to local charities.
