Homburger acted as Swiss counsel to ING Bank in its capacity as coordinator, bookrunner and mandated lead arranger, and as documentation agent in connection with the refinancing of Axpo Holding AG's existing credit lines through a EUR 7 bn sustainability-linked revolving credit facility with an international syndicate of more than 30 banks. This new sustainability-linked credit facility is for a three-year term, with extension/increase options and is linked to the achievement of targets for the expansion of renewable energies, the proportion of women in management positions, and the number of apprentices employed.

Homburger advised ING Bank and all other syndicate banks with regard to all Swiss legal aspects of the financing transaction.

The Homburger team was led by Jürg Frick and comprised Stefan Bindschedler, Laura Müller and Céline Rüegg (all Financing and Investment Products).