RWE out with Eu2bn deal as refi onslaught begins

31 Aug 2009

German utility RWE launched a Eu2bn refinancing mandated to three banks on Tuesday, one of the first in a string of such facilities expected out of the country in September. Carmaker Daimler is also in the market with a Eu3bn rollover of a deal from last year, while E.On is set to follow.

Calyon, Royal Bank of Scotland and UniCredit (via HVB) are leading RWE’s refinancing, which will replace one tranche of a Eu4bn deal from 2006. The loan will remain a CP backstop facility, and will have a 14 month tenor with a 10 month extension option.

Syndication will be ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.