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

News – 17/09/2020

Operations during the COVID-19 pandemic, update 17 Sept 2020

Read more

Media Release – 16/09/2020

Borealis appoints Christopher McArdle as Vice President Polyolefins Strategy & New Business Development

Read more

Media Release – 31/08/2020

Borealis successfully completes the acquisition of a controlling stake in South Korean compounder DYM Solution Co. Ltd

Read more

Media Release – 06/08/2020

Borealis delivers positive second quarter financial result despite COVID-19 and a low oil price environment

Read more

Media Release – 28/07/2020

Siegwerk joins Project STOP to combat plastic pollution in Indonesia

Read more

Media Release – 27/07/2020

Project STOP: Construction starts on waste processing facility in Jembrana, Bali

Read more

Media Release – 06/07/2020

Borealis to significantly increase share of renewable energy used for its operations in Finland

Read more

Media Release – 25/06/2020

Borealis and Borouge, through Water for the World, support project to provide sustainable water supplies to over 50,000 people in Greater Maputo, Mozambique

Read more

Media Release – 24/06/2020

Lafarge, OMV, VERBUND and Borealis join hands to capture and utilize CO2 on an industrial scale

Read more