Linklaters advises banks on three revolving syndicated loan facilities for RWE

Linklaters has advised the financing banks on three revolving syndicated loan facilities for RWE Aktiengesellschaft. The credit agreements, with a total volume of €10 billion (including swing line facilities totaling €6 billion), replace existing credit facilities of the group. The credit facilities were arranged under the lead of Commerzbank and UniCredit. More than 30 international banks are involved in the transaction.

The new credit facilities are available to the Group for very short-term liquidity requirements and serve to finance general corporate purposes. The credit facilities again include a sustainability component (sustainability-linked). This means that the credit margin is also linked to the achievement of targets set for reducing CO2 emissions from the combustion of fossil fuels and the share of sustainable investments in total investments in accordance with the taxonomy criteria of the EU Commission.

The Linklaters team advising on the transaction included Fabian Neumeier (Counsel, lead, Banking), Philipp Bergjans (Associate, Banking), Ulrich Johann (Counsel, Tax) and Benedikt Kruse (Associate, Tax).