Dutch science materials firm DSM has signed a new €500m credit facility with its relationship banks. The five year loan, which can be extended by two years, for the A3/A/A- rated firm will replace a deal of the same amount due in October 2012.
The outstanding facility was agreed as a seven year line in 2005. Citi, Deutsche Bank, HSBC, ING, JP Morgan, Royal Bank of Scotland, Rabobank and UBS committed to that line as mandated lead arrangers.
DSM, which specialises in life sciences and materials sciences, also has a €400m credit