DSM renews ?500 million credit facility
(Thomson Reuters ONE) -
Royal DSM, the global Life Sciences and Materials Sciences company, today
announces that it has entered into a committed credit facility of ?500 million
with certain credit relationship banks. This facility replaces a previous
facility of the same amount which was scheduled to expire in October 2012.
The unsecured credit facility of ?500 million is for a minumum term of 5 years
and a maximum term of 7 years. In addition to this credit facility, DSM has a
committed credit facility of ?400 million (maturing in April 2013) as well as a
commercial-paper program amounting to ?1,500 million. DSM will use the
commercial-paper program to a total of not more than ?900 million. The
agreements for the committed credit facilities neither have financial convenants
nor material adverse changes clauses. The credit facilities and commercial-paper
program are fully undrawn.
DSM is rated A3 by Moody's and A by Standard & Poor's, both with a stable
outlook.
DSM - Bright Science. Brighter Living.(TM)
Royal DSM N.V. is a global science-based company active in health, nutrition and
materials. By connecting its unique competences in Life Sciences and Materials
Sciences DSM is driving economic prosperity, environmental progress and social
advances to create sustainable value for all stakeholders. DSM delivers
innovative solutions that nourish, protect and improve performance in global
markets such as food and dietary supplements, personal care, feed,
pharmaceuticals, medical devices, automotive, paints, electrical and
electronics, life protection, alternative energy and bio-based materials. DSM's
22,000 employees deliver annual net sales of about ?9 billion. The company is
listed on NYSE Euronext. More information can be found at www.dsm.com
For more information:
DSM Corporate Communications DSM Investor Relations
Herman Betten Hans Vossen
tel. +31 (0) 45 5782017 tel. +31 (0) 45 5782864
fax +31 (0) 45 5740680 fax +31 (0) 10 4590275
e-mail media.relations(at)dsm.com e-mail investor.relations(at)dsm.com
Press release-pdf:
http://hugin.info/130663/R/1550710/477457.pdf
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originality of the information contained therein.
Source: DSM N.V. via Thomson Reuters ONE
[HUG#1550710]
Unternehmensinformation / Kurzprofil:
Datum: 29.09.2011 - 08:16 Uhr
Sprache: Deutsch
News-ID 69857
Anzahl Zeichen: 3044
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Kategorie:
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