TenneT Germany Secures €12 Billion Revolving Credit Facility for Grid Expansion

"TenneT Germany has secured a €12 billion revolving credit facility with BNP Paribas, Deutsche Bank, ING, and UniCredit to support its expansion of the extra-high voltage grid. This marks TenneT's first external financing and is part of a strategy to attract equity investment from international investors. The facility has a five-year term with options for extensions and an increase of up to €3 billion. Completion of the syndication is anticipated by October 2025."

**Law Firms Involved in the Transaction:** Hengeler Mueller assisted TenneT Germany in the successful conclusion of a new revolving credit facility. **Transaction Overview:** TenneT Germany has secured a revolving credit facility amounting to €12 billion, coordinated and underwritten by BNP Paribas, Deutsche Bank, ING, and UniCredit. This facility is part of TenneT Germany's strategy to secure equity financing through the involvement of three international investors and marks the company's first group-external financing. The facility is crucial for ensuring the necessary liquidity for the expansion of TenneT Germany's extra-high voltage grid over the coming years. It includes provisions for a swingline facility, ancillary facilities, a five-year term with two one-year extension options, and the possibility to increase the facility by an additional €3 billion. Syndication is anticipated to be completed by the end of October 2025. **Legal Team:** The Hengeler Mueller team for TenneT Germany included: - Daniela Böning (Partner, Financing) - Tobias Chowdhury (Counsel, Financing) - Pascal Brandt (Senior Associate, Financing)

TenneT Germany Secures €12 Billion Revolving Credit Facility for Grid Expansion

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