Globally syndicated credit facility

Covestro entered into a global revolving credit facility for general corporate purposes and as a liquidity reserve. Syndication took place within the Covestro core banking group.

The multicurrency revolving credit facility of 1.5 billion euro has a 5 year tenor (due September 2020) and two one year extension options. Predominantly, the facility serves as a liquidity reserve. Furthermore, the facility could be used for financing peaks.

 

 

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Q1 2017 Interim Statement
Released on April 25, 2017. Details