Porsche AG links syndicated credit facility to ESG strategy

Porsche AG has signed a syndicated revolving credit facility of €2.5 billion. In total 21 banks from Europe, the Americas, and Asia have taken part in the transaction and will form the strategic core banking group in the future. The credit facility has a term of five years with two one-year extension options. There are currently no plans to draw the credit line as its sole purpose is to further strengthen Porsche’s liquidity position. 

In line with Porsche's strategy, a sustainability component has been integrated into the credit line. The financing costs are linked to the development of the share of all-electric vehicles in relation to total deliveries. The syndication process was supplemented by a dialogue between the participating banks and the company's sustainability experts, who explained in detail the strategy and sustainable transformation of Porsche. In 2030, Porsche intends to deliver more than 80% of new vehicles worldwide as all-electric. 

Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT, explains: “After the IPO in 2022, we further increase our autonomy and diversify our access to financing sources with the new credit line. As with the 2019 green promissory note loan, the new credit line also reflects the strategic importance of sustainability for Porsche.”  

Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT at Porsche AG, 2019, Porsche AG
Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT

Wolfgang Ratheiser, Head of Corporate Finance & Treasury, adds: “Sustainability is a core topic of our strategy and electrification is a key element of this. The transaction has been received positively by the banking market; therefore we could agree to attractive long-term conditions with our core banks.”  

Barclays, BNP Paribas, Deutsche Bank and LBBW acted as coordinators for the transaction. 

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Consumption data

911 S/T

WLTP*
  • 13,8 l/100 km
  • 313 g/km

911 S/T

Consumo di carburante / Emissioni
consumo carburante combinato (WLTP) 13,8 l/100 km
emissioni CO₂ combinato (WLTP) 313 g/km
Classe di efficienza: G

Macan 4 Electric

WLTP*
  • 0 g/km
  • 21,1 – 17,9 kWh/100 km
  • 516 – 613 km

Macan 4 Electric

Consumo di carburante / Emissioni
emissioni CO₂ combinato (WLTP) 0 g/km
consumo elettrico combinato (WLTP) 21,1 – 17,9 kWh/100 km
Gamma elettrica combinata (WLTP) 516 – 613 km
Gamma elettrica in aree urbane (WLTP) 665 – 784 km
Classe di efficienza: B