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* Ad hoc announcement pursuant to Art. 53 LR
The syndicated loan facility has been in place since May 2024 in the amount of CHF 1 billion, with an option to increase it by up to CHF 0.5 billion. The syndicated loan facility serves as a liquidity reserve and remains unused.
In November 2024, on Capital Markets Day, BKW announced its new “Solutions 2030” strategy, which includes the expanding capacities and trading activities. This expansion will result in additional hedging volume on the electricity exchanges and, consequently, higher liquidity requirements for collateral.
As part of its prudent risk policy, BKW is proactively increasing its liquidity reserves to maintain a high level of security against liquidity risks, including in the event of increased trading volumes or a possible recurrence of market distortions. Martin Zwyssig, CFO of BKW, says: “BKW was able to increase its syndicated loan facility and retain the same favourable conditions. In doing so, we are strengthening our liquidity reserve and consistently adhering to our prudent risk policy, even during the implementation phase of our growth strategy.”
The syndicated loan facility of CHF 1.5 billion has been agreed with around 20 Swiss and foreign banks under the leadership of UBS Switzerland AG. The facility has a remaining term until May 2030, with an option to extend it for another year until May 2031.