LANXESS AG
Specialty chemicals company LANXESS has extended its sustainable revolving credit facility with 12 international banks by one year until December 2026. The volume of the credit facility amounts to €1 billion and is currently undrawn. The credit facility serves as additional liquidity reserve and does not include any financial covenants. The agreement is effective immediately.
"By extending our revolving credit facility, our banking partners express their support for the strategic direction of LANXESS as well as their commitment to our long-term financing", said Michael Pontzen, LANXESS Chief Financial Officer.
In addition to the undrawn revolving credit facility, LANXESS has access to bilateral credit lines totaling €750 million. The facilities are currently undrawn.
"By extending our revolving credit facility, our banking partners express their support for the strategic direction of LANXESS as well as their commitment to our long-term financing", said Michael Pontzen, LANXESS Chief Financial Officer.
In addition to the undrawn revolving credit facility, LANXESS has access to bilateral credit lines totaling €750 million. The facilities are currently undrawn.
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Lanxess AG published this content on 13 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 September 2022 14:19:02 UTC.
