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.”