EnBW signs syndicated loan facility for € 2 billion

Karlsruhe. EnBW Energie Baden-Württemberg today signed a syndicated loan facility for € 2 billion. The syndicated loan facility will be used for gen-eral corporate purposes and replaces the existing syndicated loan facility for € 2.5 billion established in May 2005.

The syndicate providing the syndicated loan facility consists of 18 banks. The transaction was coordinated by BayernLB, Commerzbank Aktiengesell-schaft and Societé Générale Corporate & Investment Banking.

The syndicated loan facility was well received in the market and was con-siderably oversubscribed. It has an initial term of five years and subse-quently can be prolonged twice for one year.

Brief portrait of EnBW

With some six million customers and more than 20,000 employees, EnBW generated annual revenue in excess of € 17 billion in 2010.

The third-largest energy company in Germany, EnBW focuses on the elec-tricity business – in the generation and trading segment and the grid and sales segment – and the gas as well as energy and environmental services business.

EnBW is committed to Baden-Württemberg and Germany as locations and these are the focal points of its activities. EnBW also operates in other European markets.