Galp Energia, SGPS, S.A. (“Galp Energia” or “Company”) has signed yesterday a €700 million credit facility in the form of Floating Rate Notes with a final maturity of 4 years with attractive terms and conditions.
This credit facility is part of Galp Energia’s financing strategy to support its transformational projects execution, securing to Galp Energia a comfortable position in terms of its financing and liquidity.
The transaction was a great success and very well received by the market, a clear sign of the strong support of the financial community to Galp Energia and its growth strategy.
Given the strong demand, twice the initial targeted amount of €500 million, the amount of the transaction was further increased and was set at €700 million.
The facility was arranged in a club deal format and was participated by 14 domestic and international banks, being coordinated by CaixaBI and Santander GBM. Joint Lead Managers are Banco Santander Totta, S.A., Caixa – Banco de Investimento, S.A., Banco Espírito Santo de Investimento, S.A., Banco BPI, S.A., Banco Bilbao Vizcaya Argentaria (Portugal), S.A., BNP Paribas and Caixa d'Estalvis y Pensiones de Barcelona (la Caixa). Co-lead Managers are Caixa Económica Montepio Geral, Banco Millennium BCP Investimento, S.A., BB Securities Ltd. (Banco do Brasil), The Bank of Tokyo-Mitsubishi UFJ, Ltd, Banco Itaú Europa, S.A. – Sucursal Financeira Internacional, Merrill Lynch International and Société Générale.