On 21 March 2023, Vattenfall entered into a credit facility of EUR 3 billion with a bank syndicate consisting of Nordic and international banks.
The facility is replacing bilateral credit facilities that were established in 2022 for the purpose of securing Vattenfall’s liquidity during last year’s volatile energy market.
Vattenfall is one of Europe’s largest producers and retailers of electricity and heat and has approximately 20,000 employees. The main markets are Sweden, Germany, the Netherlands, Denmark and the United Kingdom. Vattenfall is owned by the Swedish state.
Vattenfall was advised by Mannheimer Swartling in the transaction.