05/02/2005, Düsseldorf

 
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Henkel arranges new credit facility

On April, 29 Henkel KGaA arranged a 2.1 billion euros Multicurrency Revolving Credit Facility with BNP Paribas, Citigroup, Deutsche Bank, Dresdner Kleinwort Wasserstein and HSBC Bank plc. as mandated lead arrangers refinancing the two existing syndicated loan facilities.
The new facility represents an integral part of the overall financing strategy of Henkel. It is split between a 700 million euros 5-year tranche and a 1.4 billion euros 7-year tranche providing flexible liquidity for the Henkel Group. The facility carries a margin of 17.5 bps p.a., whereas the margin of the 7-year tranche steps up to 20.0 bps p.a. in years 6 and 7. Henkel is taking advantage from the currently attractive market conditions and further improving its terms of financing.

Tthe facility was highly oversubscribed A total of 23 national and international banks participated in the facility reflecting the global reach of Henkel Group's activities.


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