The Swiss group MET, one of the fastest growing energy companies in Europe, signed a credit facility (BBF) worth 1.1 billion euros for the Sales and Trading segment. This facility demonstrates the confidence of banking partners in MET’s integrated business model.

The credit facility was structured and managed by ING Bank N.V. as coordinator, securitization and facility agent, with Coöperatieve Rabobank, Natixis CIB and Société Générale as mandated lead arrangers, and supported by a group of 13 other international banks. The facility includes an “accordion option” allowing the credit line to be increased up to a maximum of 1.7 billion euro, allowing MET Group to adapt to further volume growth or changes in the market structure and environment.

The experience of recent years has clearly demonstrated the importance of adequate, scalable and efficient financing solutions in the trading of natural gas, LNG and electricity. This facility, as the main financing vehicle for MET’s Sales and Trading segment, continues to be a key pillar in the group’s financing framework, particularly in supporting the import of LNG, the storage and sale of natural gas in Europe and in other regions.

“I am very satisfied with the result of the credit facilities and the conditions we have obtained with the group of partners in the banking segment. This facility reflects MET’s progress not only in terms of financial strength, but also recognizes the clarity of our approach to risk management and the growth trajectory we continue to have. We look forward to consolidating our results and playing an active role in solving the energy trilemma of energy security, decarbonization and costs,” said Sven Kirch, CFO of MET Group.

MET Group is an integrated European energy company, headquartered in Switzerland, with activities and assets in the natural gas and electricity markets. MET is present in 15 countries through subsidiaries, on 30 national natural gas markets and in 39 international trading centers. MET has extensive experience in the exploitation of green (renewable) and flexible (conventional) energy assets, thus providing the widest possible support for the energy transition. In 2023, MET Group’s consolidated sales revenue amounted to 24.5 billion euro, with a total natural gas traded volume of 88 BCM and a total electricity traded volume of 68 TWh.