Siemens Energy – Siemens Energy replaces federal guarantee with a new bank facility

Siemens Energy has completed the planned replacement of the €11 billion facility backed by the German federal government. 

A new €9 billion facility, together with existing guarantee lines, will continue to support and underpin the company’s large-scale project business. The €1 billion facility previously backed by Siemens AG has also been replaced under the new agreement.

…