E.ON makes use of different funding instruments. In addition to bonds, commercial papers and other opportunistic financing structures (such as promissory notes or private placements), E.ON also has access to a syndicated revolving credit facility in the amount of €3.5 billion. This facility has not been drawn on and instead serves as a reliable, ongoing general liquidity reserve for the E.ON Group. The credit facility matures on November 6, 2018, and has two one-year-extension options. In 2014 E.ON exercised the first option and extended the facility for one year to 2019. In 2015, E.ON, with the consent of the banks, postponed its right to exercise the second termextension option by one year, to 2016. E.ON did not exercise this second option. Effective September 13, 2016, E.ON has reduced the credit facility from €5 billion to €3.5 billion in conjunction with the Uniper spinoff.
At year-end 2016, E.ON's financial liabilities amount to approx. €14 bn.
These are split up as follows:
E.ON's Financial Liabilities
|EUR in billions||Dec 31, 2016||Dec 31, 2015|
|denominated in EUR||4.7||6|
|denominated in GBP
|denominated in USD
|denominated in JPY
|denominated in other currencies
1)Includes private placements
E.ON International Finance B.V. is our Dutch finance entity.
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