Evonik gets chemistry right as 27 sign new refinancing

Evonik, a German chemicals firm, signed its new €1.75bn revolving credit facility on Tuesday after all 27 invited banks committed to the deal.

  • By Nina Flitman
  • 04 Sep 2013

The facility for the Baa2/BBB+ rated company is split into two tranches of €875m, with three and five year maturities. Both pieces have two one year extension options available.

Barclays, BNP Paribas and UniCredit were co-ordinators on the new facility, while Deutsche Bank is acting as the ...

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