Term Sheet: An early refinancing, a market hindered by rising rates, an industry body’s ‘climate bubble’ concern

Sirius Real Estate’s early refinancing demonstrates how some sponsors are aiming to get their finances in order; EXPO Real participants describe a market hit by uncertainty around rising debt costs; the Urban Land Institute warns of a ‘climate bubble’ as it publishes valuation guidelines to factor in transition risk; and more in today’s briefing, exclusively for our valued subscribers.