MET Group Secures EUR 1.1 Billion Facility to Strengthen Energy Trading and LNG Import

MET Group, one of Europe’s fastest-growing energy companies, has finalized a significant EUR 1.1 billion Borrowing Base Facility (BBF) to bolster its Sales and Trading segment. The new facility underscores the strong confidence of banking partners in MET’s integrated business model.

ING Bank N.V., acting as Coordinator, Security, and Facility Agent, led the structuring of the facility, with support from Coöperatieve Rabobank, Natixis CIB, and Société Générale as active Bookrunning Mandated Lead Arrangers. The facility is further backed by a consortium of 13 additional international banks. It includes an accordion option that allows for an increase up to EUR 1.7 billion, providing MET Group with flexibility to accommodate further growth or adapt to changes in market conditions.

The new facility will serve as the main financing vehicle for MET’s Sales and Trading segment, supporting key operations including LNG importation, natural gas storage, and sales across Europe and beyond. The recent market experience highlights the critical need for scalable and efficient funding solutions in gas, LNG, and power trading.

Sven Kirch, CFO of MET Group, expressed satisfaction with the new facility: “I am very pleased with the outcome of our new Borrowing Base Facility and the favorable terms achieved with our banking partners. This BBF reflects not only MET’s financial strength but also the clarity of our risk management approach and our ongoing growth trajectory. We are eager to build on our success and contribute to addressing the energy trilemma of energy security, decarbonization, and cost.”