Earlier this year, TenneT announced its intention to explore the possibility of a full sale of its German activities to the German government on acceptable terms .To support the financing of TenneT’s increasing Capex programme while having the exploratory discussions with the German government, TenneT Holding B.V. entered into a EUR 8 billion term facility agreement with a tenor of 2.5 years.

The facility is one of the largest single tier ticket credit facilities in Europe since 2020 and is provided by TenneT’s existing relationship banks, namely BNP Paribas (Bookrunner), ABN AMRO, BNG, Commerzbank, Deutsche Bank, ING, Rabobank, Santander, SMBC, and UniCredit as Mandated Lead Arranger.