Please accept our cookies to get the best experience of our website.
There are some features that may not work without cookies.
To find out more about the cookies we use, visit our cookie information page.

Commercial Paper

Commercial papers are securities that can be individually arranged for each investor. They are only traded via banks but are not listed on public stock markets. Commercial papers are primarily purchased by institutional investors.

Both Henkel AG & Co. KGaA and Henkel of America have a Commercial Paper Program under which Henkel issues commercial paper. Henkel AG & Co. KGaA can issue commercial paper to the value of up to 1 billion euros, Henkel of America up to 2 billion US dollars.

Detailed information is provided in the documents below:

Abbreviation for “Kommanditgesellschaft auf Aktien.” A KGaA is a company with a legal identity (legal entity) in which at least one partner has unlimited liability with respect to the company’s creditors (personally liable partner), while the liability for such debts of the other partners participating in the share-based capital stock is limited to their share capital (limited shareholders).

KGaA

Abbreviation for “Kommanditgesellschaft auf Aktien.” A KGaA is a company with a legal identity (legal entity) in which at least one partner has unlimited liability with respect to the company’s creditors (personally liable partner), while the liability for such debts of the other partners participating in the share-based capital stock is limited to their share capital (limited shareholders).

KGaA

Back-up Facility

To minimize the refinancing risk, in particular regarding commercial paper, Henkel AG & Co. KGaA arranged syndicated back-up credit lines of 0.7 billion euros and 0.8 billion euros each through to 2018.

Credit line 2012Credit line 2013

Date

March 28, 2012

December 10, 2013

Maturity

March 28, 2018

December 10, 2018

Tenor

6 years (+ one 1-year extension option)

5 years (+ two 1-year extension options)

Mandated Lead Arrangers / Bookrunners

Banco Santander, Bank of America,
BNP Paribas, Citigroup, Deutsche Bank,
HSBC, J.P. Morgan Chase Bank,
The Royal Bank of Scotland, UniCredit

Banco Santander, BNP Paribas,
Citigroup, Société Générale,
Deutsche Bank, The Royal Bank of Scotland,
UniCredit, J.P. Morgan Chase Bank

Borrower

Henkel AG & Co. KGaA

Henkel AG & Co. KGaA

Total # of banks

14

14

Volume

800 million euros

700 million euros

Abbreviation for “Kommanditgesellschaft auf Aktien.” A KGaA is a company with a legal identity (legal entity) in which at least one partner has unlimited liability with respect to the company’s creditors (personally liable partner), while the liability for such debts of the other partners participating in the share-based capital stock is limited to their share capital (limited shareholders).

KGaA

Abbreviation for “Kommanditgesellschaft auf Aktien.” A KGaA is a company with a legal identity (legal entity) in which at least one partner has unlimited liability with respect to the company’s creditors (personally liable partner), while the liability for such debts of the other partners participating in the share-based capital stock is limited to their share capital (limited shareholders).

KGaA

Abbreviation for “Kommanditgesellschaft auf Aktien.” A KGaA is a company with a legal identity (legal entity) in which at least one partner has unlimited liability with respect to the company’s creditors (personally liable partner), while the liability for such debts of the other partners participating in the share-based capital stock is limited to their share capital (limited shareholders).

KGaA

Additional Information