Clariant Signs New Syndicated Revolving Credit Facility Agreement
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Media Release Clariant signs new Syndicated Revolving Credit Facility Agreement Muttenz, December 19, 2016 – Clariant, a world leader in specialty chemicals, today announced the signing of a new CHF 500 million five-year multi-currency Revolving Credit Facility (RCF) with two one-year extension options. The unsecured RCF has been structured as a club deal and contains an accordion option to increase the facility up to CHF 600 million. The syndicate consists of a key relationship bank group comprising Citigroup Global Markets Limited (Coordinator), The Bank of Tokyo-Mitsubishi UFJ, Ltd., BNP Paribas (SUISSE) SA, Commerzbank Aktiengesellschaft, Filiale Luxemburg, Credit Suisse (Switzerland) Ltd., Deutsche Bank Luxembourg S.A., Landesbank Hessen-Thüringen Girozentrale, LBBW Landesbank Baden-Württemberg, SEB AG and UBS Switzerland AG as mandated lead arrangers and bookrunners. The RCF is structured as a “back-stop” facility for rating purposes to maintain Clariant’s liquidity headroom. The RCF works as a safeguard and allows more efficient cash usage implying a reduction of financing costs of around CHF 3 million per annum. CORPORATE MEDIA RELATIONS INVESTOR RELATIONS JOCHEN DUBIEL ANJA POMREHN Phone +41 61 469 63 63 Phone +41 61 469 67 45 [email protected] [email protected] CLAUDIA KAMENSKY STEVEN MASSHEDER Phone +41 61 469 63 63 Phone +41 61 469 68 58 [email protected] [email protected] Follow us on Twitter, Facebook, Google Plus, LinkedIn. www.clariant.com Clariant is a globally leading specialty chemicals company, based in Muttenz near Basel/Switzerland. On 31 December 2015 the company employed a total workforce of 17 213. In the financial year 2015, Clariant recorded sales of CHF 5.807 billion for its continuing businesses. The company reports in four business areas: Care Chemicals, Catalysis, Natural Resources, and Plastics & Coatings. Clariant’s corporate strategy is based on five pillars: focus on innovation through R&D, add value with sustainability, reposition portfolio, intensify growth, and increase profitability. Press release and photography can be downloaded from www.clariant.com or www.PressReleaseFinder.com. .