In September 2014 the refinancing of the EUR one billion Syndicated Revolving Credit Facility was concluded based on a 5 year tenor with two one-year extension options at lenders’ discretion.
In September 2014 the refinancing of the EUR one billion Syndicated Revolving Credit Facility was concluded based on a 5 year tenor with two one-year extension options at lenders' discretion. One year after, Borealis has successfully completed a one year extension of the facility with all participating relationship banks consenting unanimously. The new maturity date has now been extended to September 2020.
The Revolving Credit Facility serves as the main backbone financing facility, providing the Borealis Group with a high degree of strategic financing flexibility, and supports the very strong liquidity headroom of the company.
The Facility is supported by a number of long standing key relationship banks of Borealis, both national and international.
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