Key highlights
- Uniper cancels the remaining €1.0bn KfW facility.
- Two new bank facilities provide €0.7bn in funding.
- The KfW facility was crucial during the 2022 energy crisis.
Cancellation of KfW Facility
Uniper has decided to cancel the remaining €1.0bn KfW facility. This decision comes as the company maintains a solid cash position and has access to various funding instruments, making the KfW line redundant.
New Funding Arrangements
To partially replace the KfW facility, Uniper has secured two bilateral bank facilities with a combined commitment of €0.7bn. These new arrangements help diversify Uniper's funding sources.
Background on KfW Facility
The KfW facility was initially established to address high funding needs during the gas and energy crisis in early 2022. It played a key role in stabilizing the company throughout that year.
