Mayer Brown advises ING Bank on refinancing of Axpo credit lines with a €7 billion sustainability-linked facility

London – Mayer Brown has advised ING Bank as coordinator, bookrunner and mandated lead arranger, and as documentation agent, on the refinancing of Axpo Holding AG’s existing credit lines in a €7 billion sustainability-linked multicurrency loan facility with an international syndicate of more than 30 banks.

The facility refinances two existing committed credit lines of €3 billion each from 2022 and due to strong demand and oversubscription, it increased to €7 billion. It includes a sustainability component, with the interest rate depending on the achievement of targets for expansion of renewable energies, proportion of women in management positions and number of apprentices employed.