Merck Successfully Replaces EUR 2 billion Multi-Currency Revolving Credit Facility
Advertisement
Merck KGaA announced that it has successfully completed the syndication of a new EUR 2 billion multi-currency revolving credit facility. The credit facility will be used for general corporate purposes and has a seven-year tenor. The facility will replace the existing EUR 2 billion multi-currency revolving credit facility that is part of the term loan and revolving credit facility established for the financing of the acquisition of Serono. The term loans will be fully paid back with the proceeds from the sale of the generics business. The existing revolving credit facility was unused and will be cancelled.
Citigroup Global Markets Limited, Dresdner Kleinwort - the Investment Banking division of Dresdner Bank AG and Société Générale Corporate & Investment Banking acted as Mandated Lead Arrangers and Bookrunners. Sixteen banks joined the Mandated Lead Arrangers in the facility leading to an oversubscription and scale back of the commitments given and reducing the number of banks in the revolving credit facility to 19 from the current 49.
Most read news
Other news from the department business & finance

Get the chemical industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.
Most read news
More news from our other portals
Last viewed contents
Aldol_condensation
Wacker’s Business Picks Up Noticeably in Q1 2012
Mimicking nature, water-based 'artificial leaf' produces electricity
Guanidine_nitrate

Light-Controlled Reactions at the Nanoscale - Physicists used for the first time laser light to control the location of light-induced reactions on the surface of nanoparticles
Marathon_Petroleum_Company
AkzoNobel to divest 50 percent stake in Eka Synthomer Oy joint venture

Colloid Metrix GmbH - Meerbusch, Germany
Orsellinic_acid
