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E.ON: five billion euro loan to finance innogy deal
(CercleFinance.com) - German utility giant E.
ON has secured a five billion euro syndicated loan that will be will be used to fund the acquisition of its smaller rival innogy. The deal consists of a 3 billion euros bridge loan and a 2 billion euro term loan maturing in five years, the energy group said. Each "core relationship bank" has been invited to participate in the transaction with a ticket of 400 million each euros, E.ON said, adding that the financing shows that banks have "great confidence" in its strategy. Copyright (c) 2018 CercleFinance.com. All rights reserved. |
19/04/2024 18:06
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