Henkel successfully completed refinancing of 700 million euros credit facility
On 22 March 2010, Henkel successfully completed the refinancing of its 700 million euros five-year tranche of the company’s 2.1 billion euros revolving credit facility signed in April 2005. The existing 1.4 billion euros seven-year tranche will remain in place. Banco Santander S.A., BNP Paribas SA, Citigroup Global Markets Limited, Commerzbank Aktiengesellschaft, Deutsche Bank AG, The Royal Bank of Scotland plc, and UniCredit Bank AG acted as Bookrunners in the transaction.
The facility represents an integral part of the overall financing strategy of Henkel providing flexible liquidity for the company.
The facility was significantly oversubscribed. “The success of the deal clearly demonstrates Henkel’s standing in the capital markets,” commented Henkel CFO Lothar Steinebach. A total of 17 national and international banks participated reflecting the global reach of Henkel’s activities.
This information contains forward-looking statements which are based on the current estimates and assumptions made by the corporate management of Henkel AG & Co. KGaA. Forward-looking statements are characterized by the use of words such as expect, intend, plan, predict, assume, believe, estimate, anticipate, etc. Such statements are not to be understood as in any way guaranteeing that those expectations will turn out to be accurate. Future performance and the results actually achieved by Henkel AG & Co. KGaA and its affiliated companies depend on a number of risks and uncertainties and may therefore differ materially from the forward-looking statements. Many of these factors are outside Henkel's control and cannot be accurately estimated in advance, such as the future economic environment and the actions of competitors and others involved in the marketplace. Henkel neither plans nor undertakes to update any forward-looking statements.