Products
Downloads
Locations / Sites
Contacts
Download list
Back to News

Successful refinancing of EUR one billion Syndicated Revolving Credit Facility

Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers, announces the refinancing of its EUR one billion Syndicated Revolving Credit Facility. The new facility replaces the existing 2012 financing and extends the maturity to 2019 with an additional extension option of up to two years.

The facility benefits from improved funding conditions as well as attractive margins for strong corporate credits.

"This refinancing underpins once more the strong support of Borealis' core relationship bank group", says Daniel Shook, Borealis Chief Financial Officer, "which consists of a diversified group of financial institutions with coverage in all of Borealis' home markets."

"The new syndicated facility seamlessly fits into the successful financing strategy that Borealis pursued since 2008, states Jan-Martin Nufer, Borealis Director Treasury & Funding. "It will continue to provide Borealis with strong liquidity headroom."

END

Media Contact
Elisabeth Schopf
Group Funding Manager
+43 1 22 400 707
ir@borealisgroup.com
Jan-Martin Nufer
Director Treasury & Funding
+43 1 22 400 320
ir@borealisgroup.com

Related News

Media Release – 14/02/2019

Borealis receives the EcoVadis Gold CSR rating

Read more

Media Release – 05/02/2019

Number of Borealis patent applications hits ten-year high in 2018

Read more

Media Release – 30/01/2019

Borealis announces continued support for UAE social welfare organisations

Read more

Media Release – 15/01/2019

Nestlé to join Project STOP as new strategic partner addressing the challenge of marine litter

Read more

Media Release – 11/12/2018

Lucrèce Foufopoulos - De Ridder appointed as Borealis Executive Vice President Polyolefins and Innovation & Technology

Read more

Media Release – 06/12/2018

Borealis increases PP capacity in Europe; strengthens commitment towards European customer base

Read more

Media Release – 05/12/2018

Thinking circular, Borealis launches EverMinds™: a new communication platform dedicated to circular economy solutions

Read more

Media Release – 29/11/2018

Borealis issues inaugural rated corporate bond

Read more

News – 13/11/2018

​Borealis Annual Report 2017 honoured with Austrian Sustainability Reporting Award (ASRA) 2018 in the category of first GRI report

Read more