edp announcement
EDP Signed Credit Facility of €1.600.000.000
Thursday,
05
March
2009
EDP - Energias de Portugal (EDP) has signed a three year revolving credit facility in the amount of €1,600,000,000. This revolving credit facility replaces the €1,300,000,000 RCF signed in 2004 that was due to mature in July 2009, keeping the same purpose: backup credit facility. The credit line is not currently under use.
EDP - Energias de Portugal (EDP) has signed a three year revolving credit facility in the amount of €1,600,000,000.
This revolving credit facility replaces the €1,300,000,000 RCF signed in 2004 that was due to mature in July 2009, keeping the same purpose: backup credit facility. The credit line is not currently under use.
The transaction, initially targeted at €1,000,000,000, closed with an amount 1.6x higher, demonstrating EDP's strong credit profile under current adverse conditions in the international financial markets.
The facility was self-arranged as a Club Deal and was participated by 19 domestic and international banks. Mandated Lead Arrangers are Banco Popular Español, S.A., Banco Santander, Barclays Capital, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Caixa - Banco de Investimento, S.A., ING Wholesale Banking, J.P. Morgan, Caixa d"Estalvis i Pensions de Barcelona, "la Caixa", Banco Comercial Português S.A. - Sucursal Financeira Internacional, Morgan Stanley, The Royal Bank of Scotland Plc, Société Générale and UBS Investment Bank. ?Lead Arrangers? are Banco Bilbao Vizcaya Argentaria, SA, Banco Espírito Santo, Banco BPI, Caja Madrid, Citi and Deutsche Bank Luxembourg S.A. Bank of Tokyo-Mitsubishi acts as a Facility Agent.
EDP - Energias de Portugal, S.A.
This revolving credit facility replaces the €1,300,000,000 RCF signed in 2004 that was due to mature in July 2009, keeping the same purpose: backup credit facility. The credit line is not currently under use.
The transaction, initially targeted at €1,000,000,000, closed with an amount 1.6x higher, demonstrating EDP's strong credit profile under current adverse conditions in the international financial markets.
The facility was self-arranged as a Club Deal and was participated by 19 domestic and international banks. Mandated Lead Arrangers are Banco Popular Español, S.A., Banco Santander, Barclays Capital, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Caixa - Banco de Investimento, S.A., ING Wholesale Banking, J.P. Morgan, Caixa d"Estalvis i Pensions de Barcelona, "la Caixa", Banco Comercial Português S.A. - Sucursal Financeira Internacional, Morgan Stanley, The Royal Bank of Scotland Plc, Société Générale and UBS Investment Bank. ?Lead Arrangers? are Banco Bilbao Vizcaya Argentaria, SA, Banco Espírito Santo, Banco BPI, Caja Madrid, Citi and Deutsche Bank Luxembourg S.A. Bank of Tokyo-Mitsubishi acts as a Facility Agent.
EDP - Energias de Portugal, S.A.
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