Vattenfall Signs EUR 2 Bln Revolving Credit Facility
Vattenfall AB on Wednesday signed a 5 year multi-currency revolving credit facility for EUR 2 billion, replacing the existing EUR 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.”