August 13, 2024

dsm-firmenich concludes new US$2 billion revolving credit facility

dsm-firmenich on August 8 announced that it successfully concluded a new €1.8 billion (US$2 billion) revolving credit facility (RCF) to replace existing RCF arrangements which expire in 2025: DSM's €1 billion (US$1.1 billion) RCF and Firmenich's CHF750 million (US$867 million) RCF.

The syndicated facility, which dsm-firmenich entered into with a group of 15 banks, has a tenor of five years and two one-year extension options. In addition, the facility is available for general corporate purposes of the group.

The new RCF is a strong pillar in the group's financing strategy. It helps to centralise and streamline dsm-firmenich's financing structure, and it underpins the group's financial flexibility.

The transaction also confirms the strong relationship dsm-firmenich has with its international and regional financial partners.

- dsm-firmenich