Eni (E) said Tuesday it has signed a new five-year revolving credit facility worth 9 billion euros ($10.36 billion) revolving credit facility that can be extended by up to two years.

The company said the new facility finances its previous credit facilities of 6 billion euros and 3 billion euros signed in 2022 and 2023, respectively.

The credit line is backed by a syndicate of 28 global financial institutions, the company said.

Eni shares were nearly 3% higher in Tuesday premarket trading.

Price: 53.25, Change: +1.66, Percent Change: +3.22