Eni secures €9bn 5-year revolving credit facility
- Signed €9bn 5-year revolving credit facility with an option to extend for 2 years.
- Refinances prior €6bn (2022) and €3bn (2023) credit lines.
- Facility syndicated by 28 banks, led by UniCredit and Santander CIB as global coordinators and bookrunners.
- Transaction drew approximately 40% oversubscription, extending available lines' maturities and preserving liquidity flexibility.
Transaction
Eni signed a €9 billion 5-year revolving credit facility with an option to extend for two years, refinancing prior €6 billion (2022) and €3 billion (2023) facilities.
Syndicate
The line is provided by 28 global financial institutions, with UniCredit and Santander CIB as global coordinators and bookrunners; other participating lead/bookrunners and arrangers include Bank of America, BBVA, BPER, Credit 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.
Impact
The transaction drew approximately 40% oversubscription and is intended to maintain the Group's financial flexibility while extending the maturity of available credit lines.
Source: Eni