Swiss-based energy company MET Group has signed the amendment and extension of its EUR 1.1 billion Borrowing Base Facility (BBF) for its Sales & Trading segment. The Facility demonstrates the confidence of banking partners in MET’s integrated business model.
The Borrowing Base Facility was structured and led by ING Bank N.V. as Coordinator, Security and Facility Agent, joined by Coöperatieve Rabobank, Natixis CIB and Société Générale as active Bookrunning Mandated Lead Arrangers, and backed by a pool of 13 additional international banks. The Facility includes an accordion option to increase it up to a maximum of EUR 1.7 billion, allowing MET Group to accommodate further volume growth or changes in market structure and environment.
The experience in recent years clearly demonstrated the importance of adequate, scalable and efficient funding solutions in gas, LNG and power trading. This Facility, as main financing vehicle of MET’s Sales & Trading segment, continues to be a key pillar in MET’s funding framework particularly supporting the import of LNG, the storage and sale of natural gas in Europe and beyond.
Ankur Khera, MET Sales & Trading CFO, commented: “I would like to thank our strong pool of banking partners for their continued trust and support. Their confidence in our ability to grow rapidly while managing risk is deeply appreciated. MET’s Sales & Trading segment delivered another year of exceptional growth, robust cash generation, and further diversification across our Sales, Trading, and Retail portfolios. With the BBF providing a strong and scalable foundation — alongside a range of local solutions — MET’s Sales & Trading segment is well positioned to realize its full growth potential.”
MET Group
MET Group is an integrated European energy company, headquartered in Switzerland, with activities and assets in natural gas and power markets. MET is present in 17 countries through subsidiaries, 32 national gas markets, and 44 international trading hubs. The company's 1,100+ employees represent close to 60 nationalities. MET has extensive experience operating green (renewable) and flexible (conventional and non-conventional) energy assets, thus providing the widest possible support to energy transition. In 2024, MET Group’s consolidated sales revenue amounted to EUR 17.9 billion, with a total traded volume of natural gas amounting to 140 BCM and total traded electricity of 76 TWh.