Swiss-based energy company MET Group has signed the amendment and extension of its EUR 1.1 billion Borrowing Base Facility (BBF) for its Sales & Trading segment.

The Borrowing Base Facility was structured and led by ING Bank N.V. as Coordinator, Security and Facility Agent, joined by Coöperatieve Rabobank, Natixis CIB and Société Générale as active Bookrunning Mandated Lead Arrangers, and backed by a pool of 13 additional international banks.

The Facility includes an accordion option to increase it up to a maximum of EUR 1.7 billion, allowing MET Group to accommodate further volume growth or changes in market structure and environment.

This Facility, as main financing vehicle of MET’s Sales & Trading segment, continues to be a key pillar in MET’s funding framework particularly supporting the import of LNG, the storage and sale of natural gas in Europe and beyond.

Ankur Khera, MET Sales & Trading CFO, commented: “I would like to thank our strong pool of banking partners for their continued trust and support. Their confidence in our ability to grow rapidly while managing risk is deeply appreciated. MET’s Sales & Trading segment delivered another year of exceptional growth, robust cash generation, and further diversification across our Sales, Trading, and Retail portfolios. With the BBF providing a strong and scalable foundation — alongside a range of local solutions — MET’s Sales & Trading segment is well positioned to realize its full growth potential.”