Uniper's credit facilities currently consist mainly of a syndicated loan agreement with its group of core banks established in June 2016. The financing is split in two tranches: a term loan of originally EUR 2.0 billion term loan with a duration of three years, which has been paid back in full by now, and another EUR 2.5 billion revolving credit facility with a duration of three years, which may be extended by up to two years with the consent of the banks and which has been extended twice by one year until 2021.
In addition, Uniper established guarantee facilities with banks, for e.g. letters of credit and sureties, in order to meet specific requirements in the operative business.
Uniper's core banks
Uniper's core banks are defined by their participation in the syndicated bank financing. The bank consortium is composed of:
- Barclays Bank Plc
- BNP Paribas
- Commerzbank Aktiengesellschaft
- Deutsche Bank
- Goldman Sachs
- J.P. Morgan
- Lloyds Bank Plc
- Morgan Stanley
- Société Générale
- The Bank of Tokyo-Mitsubishi UFJ