Energy major Eni has inked a new five-year revolving credit facility worth €9 billion, with an option to extend for an additional two years.
The move refinances previous credit lines of €6 billion and €3 billion signed in 2022 and 2023, respectively, and aims to maintain the Group’s financial flexibility while extending the maturity of its available lines.
The facility is backed by 28 leading global banks, with UniCredit serving as global coordinator, bookrunner, mandated lead arranger, and documentation and facility agent, alongside Santander CIB as global coordinator, bookrunner, and mandated lead arranger.
The syndicate also includes Bank of America, BBVA, BPER, Crédit Agricole CIB, Citibank, HSBC, Intesa Sanpaolo, Banco BPM, Barclays, BNP Paribas, Commerzbank, Deutsche Bank, ING, JP Morgan, Lloyds, Mediobanca, Mizuho, Natixis, SMBC, Société Générale, Standard Chartered, Bayern LB, Goldman Sachs, MUFG, Wells Fargo, and Morgan Stanley in various lead arranger roles.
“The response from participating banks was very positive, with an oversubscription of approximately 40%, confirming Eni’s strong relationship with the international banking system,” the company said.
