Press Release
July 2, 2021
Matthias Link
Corporate Communications
Fresenius SE & Co. KGaA
Else-Kröner-Straße 1
61352 Bad Homburg
Germany
- +49 6172 608-2872 F +49 6172 608-2294 matthias.link@fresenius.com www.fresenius.com
Fresenius signs 2 billion euros syndicated revolving credit facility with a link to sustainability
Fresenius has successfully signed a €2 billion syndicated revolving credit facility with an international consortium of 29 core relationship banks. It has a maturity of five years with two one-year extension options and can be drawn in various currencies.
The new credit facility replaces the existing €1.1 billion and US$500 million revolving credit facilities, originally entered into in 2012 and amended from time to time. It is intended to serve as a backup line for general corporate purposes. The increased volume will further strengthen Fresenius' liquidity profile and increase the company's financial flexibility.
A key component of the new credit facility is the link to sustainability: Emphasizing Fresenius' commitment to embed sustainability in all aspects of its business, the credit facility's margin will be adjusted up or down according to changes in Fresenius' sustainability performance. This is Fresenius' first sustainability-linked financial transaction, demonstrating the increasing importance of sustainable financing.
Rachel Empey, Chief Financial Officer of Fresenius, said: "Sustainability is deeply rooted in our thinking and actions, at all levels. That is why it is important to us to take sustainability into account in our financing strategy. At the same time, with this credit facility we have increased our financial flexibility and further optimized
Page 1/2
our financing structure. In this way we are supporting investments in future growth and securing the company's long-term success."
# # #
Fresenius is a global health care group, providing products and services for dialysis, hospital and outpatient medical care. In 2020, Group sales were €36.3 billion. On March 31, 2021, the Fresenius Group had 310,842 employees worldwide.
For more information visit the Company's website at www.fresenius.com. Follow us on social media: www.fresenius.com/socialmedia
This release contains forward-looking statements that are subject to various risks and uncertainties. Future results could differ materially from those described in these forward-looking statements due to certain factors, e.g. changes in business, economic and competitive conditions, regulatory reforms, results of clinical trials, foreign exchange rate fluctuations, uncertainties in litigation or investigative proceedings, and the availability of financing. Fresenius does not undertake any responsibility to update the forward-looking statements in this release.
Fresenius SE & Co. KGaA
Registered Office: Bad Homburg, Germany
Commercial Register: Amtsgericht Bad Homburg, HRB 11852
Chairman of the Supervisory Board: Wolfgang Kirsch
General Partner: Fresenius Management SE
Registered Office: Bad Homburg, Germany
Commercial Register: Amtsgericht Bad Homburg, HRB 11673
Management Board: Stephan Sturm (Chairman), Dr. Sebastian Biedenkopf, Dr. Francesco De Meo, Rachel Empey, Rice Powell, Michael Sen, Dr. Ernst Wastler
Chairman of the Supervisory Board: Wolfgang Kirsch
Page 2/2
Attachments
- Original document
- Permalink
Disclaimer
Fresenius SE & Co. KGaA published this content on 02 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 July 2021 08:12:23 UTC.