Download list
Locations / Sites
Contacts
Login
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
Vice President Treasury & Funding
+43 1 22 400 320
ir@borealisgroup.com

Related News

Media Release – 08/06/2021

Borealis Commits to Major Expansion of Project STOP in Indonesia

Read more

Media Release – 07/06/2021

Greiner Packaging produces first cup prototypes made of Bornewables™ – a portfolio of premium polyolefins designed for circularity by Borealis

Read more

Media Release – 20/05/2021

Borealis’ Bornewables portfolio of circular polypropylene solutions proven to substantially reduce carbon emissions

Read more

Media Release – 05/05/2021

Borealis announces start-up of heat recovery unit based on revolutionary Qpinch technology

Read more

Media Release – 29/04/2021

Update on Borealis results publications

Read more

Media Release – 28/04/2021

Borealis appoints Hilmar Kroat-Reder as Vice President Human Resources

Read more

News – 14/04/2021

Operations during the COVID-19 pandemic, update 14 April 2021

Read more

Media Release – 31/03/2021

Thomas Gangl assumes role of new Borealis CEO

Read more

Media Release – 29/03/2021

In the Fight Against Ocean Plastic, Project STOP Shows Positive 2020 Impact in Circular Waste Management in Indonesia

Read more