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Brenntag extends term of its credit facility

6:21 AM MDT | March 31, 2014 | Ian Young

Brenntag says it has extended the term of its syndicated credit facility. The loan agreement with an original term to July 2016 has been extended until March 2019. The volume of the credit facility has been expanded by €100 million, to €1.6 billion and the interest margins have been reduced with the annual interest result expected to improve by more than €6 million. The transaction was "comfortably oversubscribed" with support from a syndicate of 22 banks from Brenntag's existing circle of banks and, as a result, the revolving credit...

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