Kellerhals advises BKW on its revolving credit facility of CHF 1.5 b
Kellerhals Carrard advised BKW as borrower of its CHF 1.5 billion syndicated multicurrency revolving credit facility. BKW is an international energy and infrastructure company and offers integrated solutions in the fields of energy, buildings and infrastructure.
The new facility will allows the company to optimize the existing financings and will also creates additional financial flexibility to manage any further turmoil in the energy markets. With the new credit line, BKW optimizes the existing debt portfolio and is now taking precautions against further extreme events over the next two winters, a move that demonstrates company’s prudent risk policy, ensuring a secure electricity supply.
This credit line was established with around 20 domestic and foreign banks under the leadership of UBS Switzerland which has acted as agent and as arranger and a consortium of syndicate banks as lenders.
The Kellerhals Carrard‘s team consisted of partner Beat Brechbuehl (pictured) , Kevin MacCabe, Christian Witschi and Luca Bianchi.