Borealis launches syndication for €750m refi

04 Jul 2012

Borealis has launched the syndication of a new €750m five year credit line, which will be used to refinance existing debt.

The Austrian plastics firm has mandated Bank of Tokyo-Mitsubishi, Barclays Bank, Nordea and UniCredit as bookrunners and coordinators.

The new facility will be used to replace the borrower’s revolving credit facility that matures in the middle of 2013.

Borealis is 64% owned by Abu Dhabi’s International Petroleum Investment Company ...

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