22 February 2024 I Deals and Cases

Bär & Karrer Advises Axpo on its EUR 7 Billion Sustainability Linked Credit Facilities

Axpo Holding AG has entered into a committed EUR 7.0 billion sustainability linked credit facilities agreement with a broad international consortium of banks. The facilities refinance two existing committed credit lines from 2022, diversify the company’s financing structure, and increase its financial flexibility. The new facilities are for a three-year term, with extension and increase options and can be used flexibly for both bank guarantees and loans. The interest rate depends, inter alia, on the achievement of targets for the expansion of renewable energies, the proportion of women in management positions, and the number of apprentices employed.

Bär & Karrer acted as legal advisor to Axpo Holding AG. The team was led by Lukas Roesler and included Colin Giezendanner and Flurina Tesch (all Financing) as well as Susanne Schreiber (Tax).