Freshfields Advised RWE On Sustainability-Linked €10 Billion Credit Facilities

Freshfields Advised RWE On Sustainability-Linked €10 Billion Credit Facilities

Freshfields advised RWE on the conclusion of three sustainability-linked revolving credit facility agreements totalling €10 billion. These facilities, provided by international banking syndicates, have tenors ranging from three to five years, with extension options of up to five and seven years, respectively.

RWE is a leading international energy company headquartered in Essen, Germany, focused on power generation and trading. Renewable energy sources such as wind and solar are an increasingly vital part of its operations. The group’s core activities also include electricity and natural gas storage, hydrogen energy production, trading of energy-related commodities, and providing innovative energy solutions for industrial clients.

The financing is sustainability-linked, meaning that the cost of financing is tied to the achievement of specific key performance indicators (KPIs), particularly related to the group’s Scope 1 and 2 carbon emissions from power generation and the share of sustainable investments.

The Freshfields team was led by Mario Hüther (Partner) and Dennis Chinnow (Principal Associate) (both Frankfurt), with support from Lucas Lengersdorf (Principal Associate) and Alexander Bräuer (Associate) (Frankfurt/New York), all advising on finance matters. Tax aspects were handled by Martin Schiessl (Partner), Christian Schmidt (Principal Associate), and associates Daniel Renner and Sebastian Jung (all Frankfurt).

Freshfields regularly advises RWE on financing matters, including a green loan for offshore wind farms and a €5 billion sustainability-linked revolving credit facility in 2024.

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