Merck KGaA: Refinancing of EUR 1 Billion Multi-Currency Revolving Credit Facility
Deutsche Bank AG, Landesbank Hessen-Thüringen (Helaba) and SG Corporate & Investment Banking acted as Mandated Lead Arrangers and Bookrunners. The syndication targeted only Merck's relationship banks and has received a strong response, with a book raising almost EUR 1.5 billion, or nearly 50 percent oversubscription.
The long-term credit facility will be used for general corporate purposes and for liquidity back-up. Merck's net debt will not be increased by the new facility.
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