Clariant signs new Syndicated Revolving Credit Facility Agreement

Muttenz, December 19, 2016 – Clariant, a world leader in specialty chemicals, today announced the signing of a new CHF 500 million five-year multi-currency Revolving Credit Facility (RCF) with two one-year extension options.

The unsecured RCF has been structured as a club deal and contains an accordion option to increase the facility up to CHF 600 million. The syndicate consists of a key relationship bank group comprising Citigroup Global Markets Limited (Coordinator), The Bank of Tokyo-Mitsubishi UFJ, Ltd., BNP Paribas (SUISSE) SA, Commerzbank Aktiengesellschaft, Filiale Luxemburg, Credit Suisse (Switzerland) Ltd., Deutsche Bank Luxembourg S.A., Landesbank Hessen-Thüringen Girozentrale, LBBW Landesbank Baden-Württemberg, SEB AG and UBS Switzerland AG as mandated lead arrangers and bookrunners.

The RCF is structured as a “back-stop” facility for rating purposes to maintain Clariant’s liquidity headroom. The RCF works as a safeguard and allows more efficient cash usage implying a reduction of financing costs of around CHF 3 million per annum.