€2bn credit facility for Degussa

- Last updated on GMT

Related tags: Belgium, Debt, Degussa

Germany's third largest chemical company has raised € 2 bn of
credit lines by means of a syndicated facility with a group of
leading international banks.

Germany's third largest chemical company has raised € 2 bn of credit lines by means of a syndicated facility with a group of leading international banks.

Degussa​ said this week that the transaction will serve to enhance the maturity profile of existing financial debt as well as for liquidity safeguarding.

The new credit facility is intended to consist of a one year tranche and a five year tranche with a volume of € 1 bn each.

Degussa has mandated BNP Paribas, Commerzbank, Dresdner Kleinwort Wasserstein and JP Morgan to arrange the transaction. Syndication, which targets a selected group of Degussa's relationship banks, will be launched shortly and is scheduled to be completed at the beginning of August 2003.

Related products

Lactium, your ally to manage day to day stress

Lactium, your ally to manage day to day stress

Ingredia | 27-Aug-2020 | Product Presentation

Stress has been called the ‘health epidemic of the 21st century’ by the World Health Organization. Increasingly, consumers are looking for safe, reliable...

Follow us

Products

View more

Webinars