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Bayer AG signs refinancing of EUR3.5bn revolving credit facility

March 03/2011
(Bayer) -- Bayer AG signed a EUR3.5bn Revolving Credit Facility. The Facility refinances the companys existing EUR3.5bn Revolving Credit Facility signed in March 2005 which has never been drawn. The new credit line has a tenor of five years with two 1-year extension options and serves for general corporate purposes. BNP Paribas, Deutsche Bank and The Royal Bank of Scotland acted as Coordinators for the arrangement and syndication of the Facility.


The credit line was well received in the market and closed significantly oversubscribed, underlining Bayers strong standing in the bank market and its high-quality credit profile. In total, 29 institutions committed to the Facility.


Bayer is a global enterprise with core competencies in the fields of health care, nutrition and high-tech materials. In fiscal 2010, Bayer employed more than 110,000 people and had sales of ?35.1 billion. Capital expenditures amounted to ?1.6 billion, R&D expenses to ?3.1 billion.


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