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Dec 12, 2013  Düsseldorf / Germany

Henkel successfully completed restructuring of its 1,500 million euros revolving credit facilities

On December 10, 2013, Henkel successfully completed the refinancing and amendment of two credit facilities with a total amount of 1,500 million euros. The transaction includes the replacement of the company’s 700 million euros revolving credit facility with a new 5-year facility to 2018 and the price amendment of the existing 800 million euros facility. Both credit facilities are now subject to the same interest rates. The facilities serve as a backup for Henkel’s Commercial Paper programs, securing flexible liquidity for the company.

Both facilities were significantly oversubscribed. “With the restructuring of our backup credit lines, we took advantage of the current low interest rate environment. The successful transaction also reflects Henkel’s strong reputation in the international capital markets,” commented Henkel CFO and Member of the Management Board Carsten Knobel.

A total of 14 national and international banks participated, reflecting the global reach of Henkel’s activities. Citigroup Global Markets Limited and The Royal Bank of Scotland plc coordinated the transaction. Banco Santander S.A., BNP Paribas, Deutsche Bank AG, J.P. Morgan Limited, Société Générale Corporate & Investment Banking and UniCredit Bank AG acted as Bookrunners.

No further financial details of the transaction were disclosed.