The Borrowing Base Facility was coordinated by ING Bank N.V. as Coordinator, Security and Facility Agent, together with Coöperatieve Rabobank, Natixis CIB and Société Générale as active Bookrunning Mandated Lead Arrangers and supported by a broad syndicate of international banking partners. Reflecting strong market appetite, the refinancing was significantly oversubscribed, demonstrating confidence in MET Group’s unique business model. The strong demand enabled MET Group to increase the size of the Facility by EUR 100 million to EUR 1.2 billion while retaining significant additional lender capacity. The option to increase the Facility up to a maximum of EUR 1.8 billion remains in place. The transaction also welcomed a new Japanese banking partner, MUFG, to the syndicate, further diversifying and strengthening the Facility’s international banking group.
The strong support received from both existing and new lenders highlights continued confidence in MET Group’s integrated business model and growth strategy. As the key financing vehicle for MET Group, the Facility supports CEO Huibert Vigeveno’s vision of transforming MET into a “European Energy Champion”. It provides the financial backing and flexibility needed to advance the company’s customer-focused strategy, where sourcing and supply are built around the needs of end customers.
Ankur Khera, MET Sales & Trading CFO, commented: “The continued trust of our banking partners, reflected in the strong oversubscription, is a clear endorsement of our strategy and disciplined growth approach. It gives us added confidence to accelerate our ambitions while maintaining a strong focus on risk and execution.
MET Group
MET Group is an integrated European energy company, headquartered in Switzerland, with activities and assets in natural gas, LNG, power, and renewables. MET serves customers in 24 countries through subsidiaries and is present in 33 national energy markets as well as 51 international trading hubs. The company's 1,400+ employees represent close to 60 nationalities. MET has extensive experience operating renewable and flexible assets, thus providing the widest possible support to energy transition. In 2025, MET Group’s consolidated sales revenue amounted to EUR 28.5 billion, with a total transacted volume of natural gas amounting to 241 BCM and total traded electricity of 160 TWh.
Contact
Tobias Kistner / Group Communications Director, MET Group
tobias.kistner@met.com
+41 79 470 59 86