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ALTANA AG Completes €250 Million Credit Facility


Replaces expiring credit facility, which was established in 2007

The specialty chemicals Group ALTANA AG has successfully concluded a syndicated line of credit in the amount of €250 million. The credit facility will be used for general corporate purposes and gives the company financial flexibility for the upcoming years. Furthermore, it replaces the expiring credit facility, which was established in 2007.

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.