Borealis announces the refinancing of its EUR one billion Syndicated Revolving Credit Facility. The new facility replaces the existing 2012 financing and extends the maturity to 2019 with an additional extension option of up to two years.
Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers, announces the refinancing of its EUR one billion Syndicated Revolving Credit Facility. The new facility replaces the existing 2012 financing and extends the maturity to 2019 with an additional extension option of up to two years.
The facility benefits from improved funding conditions as well as attractive margins for strong corporate credits.
"This refinancing underpins once more the strong support of Borealis' core relationship bank group", says Daniel Shook, Borealis Chief Financial Officer, "which consists of a diversified group of financial institutions with coverage in all of Borealis' home markets."
"The new syndicated facility seamlessly fits into the successful financing strategy that Borealis pursued since 2008, states Jan-Martin Nufer, Borealis Director Treasury & Funding. "It will continue to provide Borealis with strong liquidity headroom."
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