Iberdrola signs a €2.5 billion credit line with 32 international banks

Iberdrola signs a €2.5 billion credit line with 32 international banks

Iberdrola has signed a €2.5 billion credit line, as it continued to strengthen its liquidity and diversify its funding sources. The deal, closed with 32 international banking institutions, was oversubscribed by 45%, reflecting the confidence of the banking sector in Iberdrola’s creditworthiness and strategy. Iberdrola is the largest utility in Europe and one of the two largest in the world by market capitalisation. The credit facility has a term…