Vattenfall signs EUR 2 billion revolving credit facility
Vattenfall AB on Wednesday signed a 5 year multi-currency revolving credit facility for €2 billion, replacing the existing €2.55 billion facility.
The new facility matures on 10 December 2019 and has two one-year extension options. The facility is for general corporate purposes.
A total of 15 banks participated in the new credit facility. Going forward they will comprise Vattenfall's core relationship bank group. The facility was self-arranged by Vattenfall.
Johan Gyllenhoff, Vattenfall's Group Treasurer commented:
"We are very pleased with the terms of the new credit facility and the confidence that our banks have shown us. The facility is part of our liquidity back-up and ensures Vattenfall's financial flexibility."
The following banks participated in the facility as Mandated Lead Arranger and Bookrunner: Barclays Bank PLC, BNP Paribas, Citibank, Commerzbank Aktiengesellschaft, Danske Bank, Deutsche Bank Luxembourg S.A., Handelsbanken, ING Bank N.V., J.P. Morgan Limited, Landesbank Hessen-Thüringen Girozentrale, Nordea, SEB, Société Générale, Swedbank AB and The Royal Bank of Scotland plc.
Société Générale Corporate & Investment Banking acted as Coordinator and Documentation Agent.
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