Banks demonstrate great confidence in E.ON’s strategy

06/11/2018

  • E.ON successfully syndicates €5 billion acquisition financing for innogy
  • All invited banks participate

In the context of the far-reaching exchange of assets and participations between E.ON and RWE, and the voluntary public takeover offer to the shareholders of innogy SE, E.ON successfully closed the syndication of a €5 billion acquisition financing. Prior to syndication, the financing commitment had been provided by BNP Paribas as sole underwriter.

E.ON invited core relationship banks to participate with a ticket of €400 million each. All invited banks participated in the syndication, leading to a substantial oversubscription. The acquisition financing consists of a €3 billion bridge loan and a €2 billion term loan with a five-year maturity. The facility will be used to fund the acquisition of innogy shares which are not held by RWE.

Dr. Marc Spieker, CFO of E.ON SE: “We are very pleased with the impressive support of the banks in this transforming transaction for E.ON. The participation of all invited banks underlines the trust of our banking partners in our new strategic path.”

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.