Altana AG completes a € 400 million syndicated credit facility
Bad Homburg / Wesel, Germany, May 2, 2007. ALTANA AG announced that it has successfully syndicated a consortial line of credit of € 400 million. The credit line is available for general corporate purposes.
Commerzbank, Deutsche Bank, Dresdner Bank, JP Morgan and WestLB are the Mandated Lead Arrangers of the banking consortium extending the line of credit. Commerzbank and JP Morgan served as the book runners responsible for coordinating the credit line. With a total of 17 banks participating at its conclusion, the syndication process was distinctly oversubscribed.
The revolving credit facility has a term of 5 years with two extension options for a total of two additional years. The initial margin is set at 25 base points over EURIBOR.
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.