AkzoNobel secures ?1.8 billion syndicated revolving credit facility
(Thomson Reuters ONE) -
September 30, 2011
Akzo Nobel NV (AkzoNobel) signed a new, ?1.8 billion five year multi-currency
syndicated revolving credit facility to refinance its existing ?1.5 billion
facility.
The transaction - which has two, one-year extension options - was very well
supported by the company's relationship banks during syndication, causing the
facility to close oversubscribed.
The facility underpins the company's strong credit and liquidity profile, and is
intended for general corporate purposes. AkzoNobel is rated Baa1 by Moody's and
BBB+ by Standard & Poor's.
- - -
AkzoNobel is the largest global paints and coatings company and a major producer
of specialty chemicals. We supply industries and consumers worldwide with
innovative products and are passionate about developing sustainable answers for
our customers. Our portfolio includes well known brands such as Dulux, Sikkens,
International and Eka. Headquartered in Amsterdam, the Netherlands, we are a
Global Fortune 500 company and are consistently ranked as one of the leaders in
the area of sustainability. With operations in more than 80 countries, our
55,000 people around the world are committed to excellence and delivering
Tomorrow's Answers Today(TM).
Not for publication - for more information
Corporate Media Relations, tel. Corporate Investor Relations, tel.
+31 20 502 78 33 +31 20 502 78 56
Contact: Tim van der Zanden Contact: Huib Wurfbain, Ivar Smits
Safe Harbor Statement
This press release contains statements which address such key issues as
AkzoNobel's growth strategy, future financial results, market positions, product
development, products in the pipeline, and product approvals. Such statements
should be carefully considered, and it should be understood that many factors
could cause forecasted and actual results to differ from these statements. These
factors include, but are not limited to, price fluctuations, currency
fluctuations, developments in raw material and personnel costs, pensions,
physical and environmental risks, legal issues, and legislative, fiscal, and
other regulatory measures. Stated competitive positions are based on management
estimates supported by information provided by specialized external agencies.
For a more comprehensive discussion of the risk factors affecting our business
please see our latest Annual Report, a copy of which can be found on the
company's corporate websitewww.akzonobel.com.
Pdf file AkzoNobel press release:
http://hugin.info/130660/R/1551162/477697.pdf
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Source: Akzo Nobel NV via Thomson Reuters ONE
[HUG#1551162]
Unternehmensinformation / Kurzprofil:
Datum: 30.09.2011 - 17:00 Uhr
Sprache: Deutsch
News-ID 71424
Anzahl Zeichen: 3438
contact information:
Town:
Amsterdam
Kategorie:
Business News
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