Enel agrees on 1 billion euro multiborrower and multicurrency financing with Euler Hermes, Citi and HSBC

The Enel Group (“Enel” or “the Group”) signed an agreement aimed at granting a multi-borrower and multi-currency financing from Citi (as sole Global Coordinator, Joint Mandated Lead Arranger and Agent bank), HSBC (as Sustainability Bank and Joint MLA) and Germany’s Export Credit Agency (ECA) Euler Hermes (EH) as guarantor, for up to 1 billion euros.

The agreement is based on the Group’s global business relationship with German suppliers and is aimed at meeting the financial needs linked to the Enel Group’s sustainable investments relating to a portfolio of purchases and suppliers (so-called shopping line).

This innovative solution, which makes a total amount of up to 1 billion euros available, is in line with the Group’s overall strategy to diversify its funding sources and allows for the flexible allocation of proceeds, which can be used both in euros and US dollars.

A first tranche, amounting to 580 million US dollars (equivalent to around 500 million euros), was signed by Enel Finance International (EFI).

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Enel is a multinational power company and a leading integrated player in the global power and renewables markets, present in 27 countries worldwide.

At global level, it is the largest renewable player, the foremost electricity distribution network player by number of grid customers served and the biggest retail operator by customer base ^[1].

Enel generates electricity with approximately 92 GW of total capacity. Enel Green Power, the Group’s renewables arm, has a total capacity of approximately 67 GW and a generation mix that includes wind, solar, geothermal, and hydroelectric power, as well as energy storage facilities, installed in Europe, the Americas, Africa, Asia, and Oceania.

Enel Grids, the Group’s global business line dedicated to the management of the electricity distribution service worldwide, delivers electricity through a network of 1.9 million kilometers with more than 69 million end users connected to its distribution grids. Enel Commercial is the Group’s arm dedicated to customers around the world with the aim of effectively providing products and services based on their energy needs and encouraging them towards a more conscious and sustainable use of energy. It provides electricity, gas and integrated services to more than 29 million customers globally including households, enterprises, industries and public administrations. In addition, it offers flexibility services aggregating 10.4 GW and has approximately 33,800 owned public charging points for electric mobility.

^[1] Enel’s leadership in the different categories is defined by comparison with FY2025 data and results of relevant comparable listed companies, excluding those with predominant state control.