Overview

• The new €9 billion credit line is provided by a consortium of 23 international banks and carries a five-year term for project financing.
• The original €7.5 billion guarantee was part of a broader €15 billion state guarantee line arranged during the 2023 crisis.
• Improved margins and cash flow over the past two years allowed Siemens Energy to exit government backing without diluting ownership.
• Under the state guarantee the company paid €100 million annually and was barred from paying dividends or bonuses.
• The syndicated facility also replaces a separate €1 billion guarantee previously covered by Siemens AG, reducing internal credit support.