NautaDutilh's Capital Markets teams served as Dutch counsel to ENEL in connection with its entering into a EUR 10 billion revolving facility agreement. The loan was granted to ENEL by a "super syndicate" consisting of 38 banks, amongst which Banca IMI, Barclays, BNP Paribas, Citigroup, Commerzbank, Credit Suisse, Goldman Sachs, Crédit Agricole, HSBC, ING, J.P. Morgan, Mediobanca, Merrill Lynch, Morgan Stanley, RBS, Santander and UniCredit. The festive physical signing whereby almost all parties were represented took place in Amsterdam at 18 December 2017.
The NautaDutilh team consisted of Petra Zijp, Dewi Walian and Tim van der Lee, assisted by Nina Kielman for tax. Our co-counsel on this transaction was Legance.
ENEL published an official press release.
Who is ENEL?
ENEL is a multinational energy company and one of the world’s leading integrated electricity and gas operators, working in more than 37 countries across 5 continents, generating energy with a net installed capacity of around 84 GW and distributing electricity and gas across a network spanning about 2.1 million km. With around 64 million end users around the world, they have the biggest customer base among our European competitors, and is one of Europe’s leading energy companies by installed capacity and reported EBITDA.