On September 3, 2013 Evonik Industries AG agreed a €1.75 billion syndicated revolving credit facility with its core banking group. The credit facility is split into two tranches of €875 million with initial maturities of three and five years. Both tranches also have two extension options of one year each. The credit facility serves as the central liquidity reserve of the Group and is currently not utilised. With the credit facility, Evonik benefits from the currently favourable financing environment for German companies with good credit ratings and secures financial flexibility for the coming years. This credit facility replaces the previous n7.2 dldxrkn lqzhtleq saaibl uu 2787.
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