EON : E.ON successfully closes new €4.7 billion syndicated credit facility

E.ON has successfully closed a new syndicated credit facility of €4.7 billion with a term of five years and two options to extend the maturity by one year each. In addition, the facility size can be increased by up to €1 billion during the term of the contract.

The purpose of the facility is to secure the Group's liquidity at all times. It replaces the previous syndicated credit line of €3.5 billion ahead of its maturity in October 2026. The volume was increased to €4.7 billion to support E.ON's organic growth path.

The transaction was again placed with a group of 21 banks; the credit margin remains unchanged. Commerzbank and UniCredit acted as coordinators of the syndication.

Nadia Jakobi, CFO of E.ON, said: "With our financing strategy we are laying the foundation for the substantial investments to make the energy transition happen. The trust of our banking group confirms E.ON's position as a reliable playmaker and puts us in an excellent position to continue our consistent path of growth."