Uniper successfully completes external financing

DGAP-News: Uniper SE / Key word(s): Financing

2016-07-28 / 14:00
The issuer is solely responsible for the content of this announcement.


  • Syndication of the credit facilities concluded with a consortium of 15 banks
  • Medium-term financing need EUR 500 million lower than expected
  • CFO Delbrück: Diversified consortium of banks ensures comfortable conditions for Uniper

Uniper has been able to attract additional banks to participate in its external financing. The existing consortium of Deutsche Bank AG, J.P. Morgan Limited, and UniCredit Bank AG, has now been expanded by an additional 12 banks. Christopher Delbrück, CFO of Uniper, states: "I am pleased that our external financing is now being secured by such a diversified consortium of renowned banks. This means we will have comfortable financing conditions and excellent access to international capital markets post spin-off."

At the beginning of June, Uniper had already been able to secure bank financing totaling EUR 5 billion. Due to a lower than expected medium-term financing need , which is primarily related to spin-off-related liabilities that will not come due until later, Uniper has now been able to reduce the financing volume by EUR 500 million to EUR 4.5 billion. To this end, Uniper has announced measures to optimize its cash flows that should have a positive effect on the Company's financial strength throughout the term.

The bank financing has been distributed evenly among the participating banks and continues to be divided into two tranches: a term loan of now EUR 2 billion (formerly EUR 2.5 billion) with a maturity of three years beginning in June 2016, and a revolving credit facility of another EUR 2.5 billion with the same maturity, with the latter including two options to extend the facility by one additional year with the consent of the banks.

The final consortium of banks is composed of: Barclays Bank Plc, BayernLB, BNP Paribas, CITI, Commerzbank Aktiengesellschaft, Deutsche Bank, Goldman Sachs, ING, J.P. Morgan, Helaba, Lloyds Bank plc, Morgan Stanley, SEB, Société Générale, UniCredit.

This press release may contain forward-looking statements based on current assumptions and forecasts made by the Uniper SE Management and other information currently available to Uniper.
Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.

For further information please contact:

Georg Oppermann
T +49 2 11-45 79-55 32
M +49 1 78-4 39 48 47
georg.oppermann@uniper.energy

Christine Bossak
T +49 2 11-45 79-2032
christine.bossak@uniper.energy

 



2016-07-28 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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