The new facility has a five-year tenor with two one-year extension options to be exercised in 2019 and 2020.
It replaces the undrawn €1.8 billion facility signed in June 2014, that had been reduced to €1.2 billion following the completion of the AccorInvest disposal.
This facility will reinforce AccorHotels liquidity and increase the average maturity of its financial resources.
AccorHotels’ current sustainability performance has been assessed by Sustainalytics, one of the leading providers of environment, social and governance research and ratings to investors globally.
The resulting score will be used as the benchmark against which performance improvements will be assessed.
Jean-Jacques Morin, chief financial officer of AccorHotels, said: “I am pleased that we AccorHotels are the first global hospitality leader to link the interest rate structure of our new revolving credit facility to our sustainability performance.
“Our group is fully committed to environment, social and governance issues, and we take pride in being a member of most key sustainability indices.”
The facility includes the following 15 banks: BNP Paribas as coordinator, documentation and sustainability agent, Société Générale as coordinator and facility agent, MUFG and Unicredit as coordinators as well as Banco Santander, Bank of America Merill Lynch, Barclays, Citibank, Crédit Agricole CIB, Commerzbank, CM-CIC, HSBC, ING, Natixis and NatWest as mandated lead arrangers.