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ALTANA AG completes €250 million credit facility
Seven banks participate in the syndicated loan. These banks are Commerzbank, Deutsche Bank, JP Morgan, Landesbank Baden-Württemberg, Landesbank Hessen-Thüringen, Mizuho, and UniCredit. The transaction was coordinated by Commerzbank.
The revolving credit facility has a term of five years with extension options for a total of two additional years. The initial margin is set at 65 basis points over EURIBOR.
Alongside the €150 million German Schuldschein which was successfully placed on the market in March 2012, the new credit line is an essential component of ALTANA AG's financing structure and helps to ensure the company's flexibility for further growth in the future.
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