Clariant AG / Clariant AG: Clariant signs new Syndicated Revolving Credit Facility Agreement . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement.
Muttenz, December 19, 2016 - Clariant, a world leader in specialty chemicals, today announced the signing of a new CHF 500 million five-year multi-currency Revolving Credit Facility (RCF) with two one-year extension options.
The unsecured RCF has been structured as a club deal and contains an accordion option to increase the facility up to CHF 600 million. The syndicate consists of a key relationship bank group comprising Citigroup Global Markets Limited (Coordinator), The Bank of Tokyo-Mitsubishi UFJ, Ltd., BNP Paribas (SUISSE) SA, Commerzbank Aktiengesellschaft, Filiale Luxemburg, Credit Suisse (Switzerland) Ltd., Deutsche Bank Luxembourg S.A., Landesbank Hessen-Thüringen Girozentrale, LBBW Landesbank Baden-Württemberg, SEB AG and UBS Switzerland AG as mandated lead arrangers and bookrunners.
The RCF is structured as a "back-stop" facility for rating purposes to maintain Clariant's liquidity headroom. The RCF works as a safeguard and allows more efficient cash usage implying a reduction of financing costs of around CHF 3 million per annum.
| Corporate Media Relations | Investor Relations |
| Jochen Dubiel Phone +41 61 469 63 63 jochen.dubiel@clariant.com (mailto:jochen.dubiel@clariant.com) | Anja Pomrehn Phone +41 61 469 67 45 anja.pomrehn@clariant.com |
| Thijs Bouwens Phone +41 61 469 63 63 thijs.bouwens@clariant.com (mailto:thijs.bouwens@clariant.com) | Steven Massheder Phone +41 61 469 68 58 steven.massheder@clariant.com (mailto:steven.massheder@clariant.com) |
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Clariant AG via Globenewswire
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Clariant AG
Rothausstrasse 61 Muttenz 1 Switzerland
ISIN: CH0012142631;
