Enel in Talks for EUR16 Billion Credit Line to Cover Energy Cost Risks, Bloomberg Reports
October 18 2022 - 6:52AM
Dow Jones News
--Enel SpA is in talks with banks on a 16 billion euros ($15.7
billion) state-backed credit line that would cover derivative risks
associated with soaring energy prices, Bloomberg reports, citing
unnamed sources.
--The banks contributing to the credit plan are waiting for the
green light from the Italian Finance Ministry, which could arrive
as soon as Tuesday, according to the news outlet.
--Talks are still preliminary and the deal structure hasn't been
defined yet, Bloomberg reports.
Full story: https://bloom.bg/3eLVi9o
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
October 18, 2022 06:37 ET (10:37 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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