E.ON successfully refinances syndicated credit facility

11/14/2017

Yesterday, E.ON signed a new €2.75 billion syndicated credit facility that replaces the existing €3.5 billion facility maturing in 2019.

The new facility was concluded with an extended maturity and on more favorable terms. In addition, E.ON is using the transaction to reduce the volume of the credit facility and the number of banks involved. The facility has a term of five years and contains two options to extend the maturity by one year each. In addition, the volume can be increased by up to €0.5 billion during the lifetime of the facility.

The transaction was placed to a group of 18 banks from the previous bank syndicate and was significantly oversubscribed. Commerzbank and UniCredit were mandated as coordinators.

"This early refinancing will enable us to further reduce our interest expenses. All invited banks participated in the financing. This proves the trusting cooperation with our banks." said Marc Spieker, CFO of E.ON SE.

This press release may contain forward-looking statements based on current assumptions and forecasts made by E.ON Group management and other information currently available to E.ON. 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. E.ON SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to align them to future events or developments.