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dsm-firmenich concludes new €1.8 billion Revolving Credit Facility
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Wednesday, 14 August, 2024, 15 : 00 PM [IST]
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Kaiseraugst, Switzerland & Maastricht, the Netherlands
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dsm-firmenich announced that it has successfully concluded a new €1.8 billion revolving credit facility (RCF) to replace existing RCF arrangements which expire in 2025: DSM’s €1 billion RCF and Firmenich’s CHF750 million RCF.
The syndicated facility, which dsm-firmenich entered into with a group of 15 banks, has a tenor of five years and two one-year extension options. In addition, the facility is available for general corporate purposes of the Group.
The new RCF is a strong pillar in the group’s financing strategy. It helps to centralise and streamline its financing structure, and it underpins the group’s financial flexibility. The transaction also confirms the strong relationship it has with its international and regional financial partners.
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