The new Facilities consist of a EUR 592.5 million secured and a EUR 322.5 million unsecured revolving credit facility with a 364-day tenor and evergreen extension options. The new Facilities are used for working capital and general corporate purposes.
MET has once again demonstrated a strong relationship with its banking partners. Despite a challenging environment, the pricing of the Facilities remained identical as in the previous year. MET appreciates the continuous support of the banking community and is pleased to welcome new banks to the Facilities.
MET Group
MET Group is an integrated European energy company, headquartered in Switzerland, with activities in natural gas and power markets. MET is present in 14 countries through subsidiaries, 25 national gas markets and 22 international trading hubs. In 2019, MET Group’s consolidated sales revenue amounted to EUR 11.7 billion, the volume of natural gas traded was 50 BCM. MET is owned 80% by its employees and 20% by Keppel Corporation.
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