On 12 April 2010, Alpiq Holding Ltd. signed an important credit agreement. The company has obtained a syndicated credit facility for a financing framework of CHF 500 million at attractive conditions. If required, Alpiq can draw on this liquidity reserve to cover short-term operational requirements.
This four-year funding option has been provided by a syndicate of 14 Swiss cantonal and regional banks led by the Cantonal Bank of Zürich. Alpiq CFO Kurt Baumgartner is satisfied with the syndicated facility: "The conditions agreed reflect Alpiq's successful business performance and confirm the attractiveness of its strategy on the financial market."