Vattenfall secures new credit facility
Vattenfall has secured a credit facility of EUR 3 billion, which is replacing bilateral facilities of EUR 4.3 billion that were established in 2022.The bilateral facilities were established for the purpose of securing Vattenfall’s liquidity during last year’s very volatile energy market. Since then, progress has been made in order to restructure the business for the purpose of reducing the inherent liquidity risks of Vattenfall’s business model. Together with a more stable energy market, this has led to a reduced need for liquidity. The new credit facility amounts to EUR 3 billion. -