The currently unused syndicated credit facility that was agreed in April 2010 and which is due to expire on 31 March 2014, was prematurely redeemed and replaced by a new credit facility at the beginning of the year. Alpiq has thus secured a financing framework of 400 million Swiss francs until the end of 2017 at attractive conditions. Once again, the lead syndicate partner is the Zürcher Kantonalbank. A number of other regional and cantonal banks are also participating. Alpiq’s CFO Patrick Mariller stresses the importance of this credit line: "The successful transaction increases our financial flexibility, in particular for the current strategic realignment of the Alpiq Group." If necessary, Alpiq can call on this liquidity reserve in order to cover short-term operational requirements.