Bayer extends credit line and increases volume to 4.5 billion euros
Leverkusen, December 18, 2018 - Bayer AG has secured a revolving credit facility worth 4.5 billion euros. This replaces an undrawn revolving facility worth 3.5 billion euros dating back to March 2011. The new line has a tenor of five years with two one-year extension options. The facility has met with great interest from the banks, testifying to Bayer's excellent reputation on the capital market and its balanced financing structure.
For the first time, Bayer has coordinated the tender for the credit line itself. A total of 23 institutions committed to the facility in equal amounts.
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