ESR has upsized its sustainability-linked refinancing facility beyond its initial $2.56b (US$2b) target after receiving strong demand from a global lender syndicate. The five-year refinancing facility consolidates several existing loan facilities into a single multi-currency structure across multiple funding currencies. ESR said the refinancing strengthens its capacity to drive growth initiatives across logistics real estate, data centres and adjacent energy infrastructure in key APAC markets. Matthew Lawson, chief financial officer of ESR, said the refinancing demonstrated the company’s approach to capital management. The refinancing enables ESR to simplify its business and grow its core logistics and data centre businesses through its APAC platform.