Iberdrola has secured a €2.5 billion credit facility as part of its ongoing strategy to enhance liquidity and diversify its financing sources. This agreement, finalized with a consortium of 32 international banks, was oversubscribed by 45%, indicating strong confidence from the financial sector in Iberdrola’s creditworthiness and strategic direction. Currently, Iberdrola is recognized as Europe’s largest utility and ranks among the top two globally by market capitalization.
The five-year, multi-currency facility includes an option for a two-year extension and offers the most favorable terms compared to the company’s existing credit lines.
Avangrid, Iberdrola’s subsidiary in the U.S., is also involved in this facility, highlighting the Group’s increasing focus on the United States, which has become its primary market for investment and expansion.
Iberdrola’s Executive Chairman, Ignacio Galán, remarked: “This deal strengthens our capacity to continue increasing our investments in networks, renewables and storage, to meet the strong growth in demand driven by electrification in countries such as the United States and the United Kingdom. This credit facility once again demonstrates the full confidence of the international financial community in our growth strategy, through which we promote energy self-sufficiency and security, economic growth and social well-being.”
Source: Iberdrola
