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Secures financial flexibility for the coming years
September 6, 2013
By: DAVID SAVASTANO
Editor, Ink World Magazine
On Sept. 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 utilized. With the credit facility, Evonik benefits from the currently favorable financing environme...
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