London — Mayer Brown represented ING Bank as sole coordinator, documentation and facility agent in a €2.5 billion revolving credit facility for Axpo Group, the largest renewable energy producer in Switzerland.
The revolving credit facility consists of several tranches maturing in three and five years, with options to extend and increase. The credit line can be used flexibly for both bank guarantees and loans, and is available for general corporate purposes and growth initiatives.
The new credit facility will enable Axpo to diversify its financing structure and expand the sustainability component of its corporate financing.
The all London Mayer Brown team was led by Banking & Finance partner Ashley McDermott and included senior associate David Fraher, and associate Devyani Garg.