With the credit facility, Evonik benefits from the currently favorable financing environment for German companies with good credit ratings and secures financial flexibility for the coming years. This credit facility replaces the previous €1.5 billion facility signed in 2011.
"All invited banks participated in the financing. The new loan thus underscores the trust that the banking industry has in Evonik’s strategy and financial reliability," Wolfgang Colberg, chief financial officer at Evonik, said.
"With this new credit facility, our banking partners are giving us the backing we need to drive forward our growth-focused strategy on an international level," Ute Wolf, group finance director at Evonik, added.