Products
Downloads
Locations / Sites
Contacts
Download list
Back to News

Borealis launches credit syndication

Borealis, a leading provider of chemical and innovative plastics solutions, has mandated The Bank of Tokyo-Mitsubishi UFJ, Ltd., Barclays Bank PLC, Nordea Bank Danmark A/S, and UniCredit Bank Austria AG as Bookrunners and Coordinators to arrange a 5-year revolving credit facility with a launch amount of EUR 750 Million. The facility will be used for general corporate purposes including the refinancing of the company’s current revolving credit facility, which matures mid 2013.

“Borealis is very pleased to work again with its strong group of longstanding relationship banks in setting up this financing transaction,” says Jan-Martin Nufer, Director Treasury & Funding of Borealis. “The credit facility will naturally complement the company’s successful debt capital markets and other long term financings like the recent bond issuance and is an integral part of our conservative funding strategy.”

With sales of EUR 7.1 billion in 2011, customers in over 120 countries, and around 5,300 employees worldwide, Borealis is owned 64% by the International Petroleum Investment Company (IPIC) of Abu Dhabi and 36% by OMV, the leading energy group in the European growth belt. Borealis is headquartered in Vienna, Austria, and has production locations, innovation centres and customer service centres across Europe and the Americas.

Building on Borealis’ unique Borstar® technology and their more than 50 years experience in polyolefins, Borealis and Borouge provide innovative, value creating plastics solutions for the infrastructure (pipe systems and power and communication cables), automotive and advanced packaging markets. In addition, Borealis offers a wide range of base chemicals from melamine and fertilizer to phenol and acetone.

END

For further information please contact:

Media inquiries:
Kerstin Meckler, Director Communications
Tel.: +43 (0)1 22 400 389
e-mail: kerstin.meckler@borealisgroup.com 

Investor relations:
Jan-Martin Nufer, Director Treasury & Funding
Tel.: +43 1 22 400 320
e-mail: janmartin.nufer@borealisgroup.com

Downloads
Borealis launches credit syndication English, German
Media Contact
Virginia Mesicek
Senior Manager a.i., External Communications

Latest News

News – 24/06/2019

Borealis assists those seeking to change from polystyrene to more sustainable polypropylene packaging

Read more

News – 19/06/2019

Polymers for Europe Alliance honours Borealis as best European polypropylene producer in 2019

Read more

News – 18/06/2019

TGM technology students receive Borealis Student Innovation Award 2019

Read more

News – 18/06/2019

Driving energy efficiency: Excess heat from Kilpilahti industrial area in Finland could cover one quarter of district heating of the Helsinki region

Read more

News – 14/06/2019

Borealis won two brand awards during German Brand Awards 2019

Read more

News – 16/05/2019

Proud to have been nominated for the ‘CIRCUMAT’ at the Energy Globe Awards

Read more

News – 13/05/2019

Borealis successfully places a Schuldschein transaction in Euro and US$

Read more

Media Release – 08/05/2019

OMV ReOil project: OMV and Borealis extend their partnership at the industrial site in Schwechat

Read more

Media Release – 06/05/2019

Borealis with a solid start into 2019

Read more