Bank Financing

Revolving Credit Facilities

Revolving Credit Facilities (RCFs) serve as backup facilities for the liquidity requirements of RWE’s daily operations and are therefore a very important instrument to manage our liquidity risk. Further, they are beneficial to the rating as credit rating agencies incorporate them in their short- and long-term rating assessment. Banks participating in our RCFs are considered core banks of the RWE Group.

RWE has access to three syndicated credit lines totalling EUR 10 billion. At our request, the conditions of all three credit lines are linked to sustainability criteria. Among other factors, the conditions depend on the development of the following two criteria: Scope 1 & 2 GHG emissions from power generation and the percentage of our capital expenditure that is classified as sustainable in accordance with the EU taxonomy regulation. We have set goals for both criteria.

	Facility A	Facility B	Facility C
Amount	EUR 3 billion	EUR 2 billion	EUR 5 billion
Thereof Swing Line Facility	EUR 1.5 billion	EUR 1.5 billion	EUR 3 billion
Duration (in years)	5+1+1	5+1+1	3+1+1
Final Maturity Date if extension options are applied	15 May 2030	15 May 2030	15 May 2028
Coordinators	Commerzbank AG; and UniCredit Bank AG	Commerzbank AG; and UniCredit Bank AG	Commerzbank AG; and UniCredit Bank GmbH
Number of lending banks	27	27	34

Bilateral Agreements

RWE has established both committed and uncommitted bilateral credit facilities to ensure access to sufficient liquidity to fund operations. Further, RWE utilizes guarantee lines as credit support for various business operations.