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 2 billion euros, Henkel of America up to 2 billion US dollars.
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.
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).Financial Glossary Schließen
Commercial Paper Program of Henkel AG & Co. KGaA
Commercial Paper Program of Henkel of America
In order to manage refinancing risks in a sustainable manner, Henkel AG & Co. KGaA has agreed a 1.5 billion euros Revolving Credit Facility, for which interest conditions are linked to pre-defined sustainability criteria.
|Revolving credit facility|
|December 14, 2018|
|December 14, 20251|
|Banco Santander, Unicredit, Bank of America, BNP Parisbas, Citigroup, Deutsche Bank, HSBC, ING, J.P. Morgan, National Westminster Bank, Société Générale, Standard Chartered Bank, Bayerische Landesbank, Commerzbank, Goldman Sachs|
Henkel AG & Co. KGaA
Total # of banks
1,500 million euros
1 including a contractual optional extension of 2 years
Aggregate of all loan services available on call from one or several banks as cover for an immediate credit requirement.Financial Glossary Schließen