The health care group Fresenius has signed a syndicated revolving credit line with a sustainability focus in the amount of two billion euros and a term of five years with two extension options.
Fresenius has successfully signed a syndicated revolving credit line of 2 billion euros with an international consortium of 29 core banks. The credit line has a term of five years with two options to extend by one year each and can be drawn on in various currencies.
The new credit line replaces the existing revolving credit lines of 1.1 billion euros and 500 million US dollars originally concluded in 2012 and adjusted from time to time. It is intended to serve as an additional liquidity safeguard for general corporate purposes. The increased volume will further strengthen Fresenius’ liquidity profile and increase the company’s financial flexibility.
A key component of the new revolving credit line is the link with the topic of sustainability: As an expression of Fresenius’ commitment to integrate sustainability in all aspects of business activity, the margin of the credit line is adjusted upwards or downwards depending on a change in the company’s sustainability performance. This is Fresenius’ first sustainability-related financial transaction and shows the increasing importance of sustainability in financing.
