Uniper concludes successfully early refinancing of its syndicated credit facility

  • Newly signed syndicated credit facility in an amount of 1.8bn EUR replaces the existing facility of 2.5bn EUR
  • Consortium of 15 banks participated in the transaction
  • Uniper secures enhanced credit terms and conditions at longer maturity

Uniper has concluded successfully the early refinancing of its existing syndicated credit facility of 2.5bn EUR established in 2016. The new syndicated credit facility was signed yesterday in an amount of 1.8bn EUR and secured Uniper’s backup liquidity reserve for the next years at attractive conditions and improved credit terms. The facility has a tenor of five years plus two options to extend the maturity by one year each. Furthermore, the facility amount may be increased by 0.5bn EUR at the discretion of the banks until maturity.

On the back of the lowered facility amount Uniper has slightly downscaled its banking group to 15 banks. The consortium consists mainly of the existing core banking circle and has been selectively strengthened by additional bank partners. Commerzbank and ING were mandated as c o-ordinators.

CFO Christopher Delbrück says: “I am pleased about the successful early refinancing of our syndicated credit facility which provides enhanced credit terms and conditions and a high flexibility in our financing structure on a long-term basis. The transaction proves the trustful relationship with our core banking group”.

The final consortium of banks is composed of: BayernLB, BNP Paribas, CITI, Commerzbank Aktiengesellschaft, Deutsche Bank, Goldman Sachs, ING, Lloyds Bank Plc, Mizuho, Morgan Stanley, Santander, SEB, Société Générale, The Bank of Tokyo- Mitsubishi UFJ, UniCredit.

This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE management and other information currently available to Uniper. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.