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Written by / Agency / Source: Enel Group

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Enel Signs A 5-year Forward Starting Revolving Credit Facility for about 9.4 Billion Euros - Enel S.p.A.(1) has signed in Amsterdam a 5-year revolving credit facility amounting to about 9.4 billion euros that will be replacing the 10 billion euros revolving credit facility - Enel.com
Enel Signs A 5-year Forward Starting Revolving Credit Facility for about 9.4 Billion Euros

 

NewswireToday - /newswire/ - Rome, Italy, 2013/02/11 - Enel S.p.A.(1) has signed in Amsterdam a 5-year revolving credit facility amounting to about 9.4 billion euros that will be replacing the 10 billion euros revolving credit facility - Enel.com. IT0003128367

   
 
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Enel S.p.A.(1) has signed in Amsterdam a 5-year revolving credit facility amounting to about 9.4 billion euros that will be replacing the 10 billion euros revolving credit facility (currently not utilized) set to expire in April 2015, starting from the latter expiry date.

Such new revolving credit line is “forward starting”, meaning that it may be used starting from the expiry date of the above mentioned 10 billion euros revolving credit facility or from a previous date, concurrently with the possible early cancellation of the latter by Enel.

The new forward starting revolving credit line, which may be used by Enel and/or its Dutch subsidiary Enel Finance International N.V. (secured by the Parent Company), aims at extending further the Group’s treasury financial flexibility for its day-to-day cash requirements. This credit facility does not fall under the Group’s debt refinancing program.

A large group of banks participated to the transaction, amongst which Mediobanca with the role of Documentation Agent.

The cost of the new credit line will vary depending upon Enel S.p.A.’s pro tempore rating, offering at current rating levels a margin of 170 basis points above Euribor with commitment fees of 40% of the applicable margin.

 
 
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Written by / Agency / Source: Enel Group

 
 

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Enel Signs A 5-year Forward Starting Revolving Credit Facility for about 9.4 Billion Euros

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Enel Green Power |
Publisher Contact: Enel Group - Enel.com 
+39 06.8305.1 ufficiostampa[.]enel.com
 
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