Philips signs Eu1.8bn revolver, extending maturities as others line up to reprice

Philips has completed a Eu1.8bn revolver, refinancing a facility signed last year, as bankers said that other borrowers, including Henkel and Anheuser-Busch InBev, may return to the market to reprice facilities signed in 2010.

  • 15 Apr 2011
Dutch consumer electronics group Philips has extended the maturity of its Eu1.8bn revolver to February 2016, cutting the pricing to 40bp, linked to a ratings grid, after pricing its five year line at 75bp last year. The new deal also carries two extension options. Philips has never drawn ...

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