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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

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