Symrise renews and ups €750m revolving credit facility
- Refinanced existing revolving credit facility and increased volume to €750 million.
- Facility has a five-year maturity with two one-year extension options.
- An additional €250 million increase option (accordion) is available if required.
- Terms described as attractive, supported by investment‑grade ratings from S&P and Moody’s.
Refinancing and size
Symrise AG has refinanced its existing revolving credit facility (RCF) and increased the volume to €750 million.
Term and options
The facility has a maturity of five years with two one-year extension options and an additional €250 million increase option if required.
Credit backing and impact
The increase is said to expand financial flexibility and security for further growth; the conditions are described as attractive against the background of the investment-grade rating by S&P and Moody's.
Management comment
Olaf Klinger, CFO at Symrise: "In a focused and constructive process, we have succeeded in concluding a balanced RCF agreement that reflects Symrise's strong credit profile and creates a solid foundation for continuing our growth trajectory. In the coming years, we can continue to rely on a proven circle of partner banks. We would like to thank them expressly for their support."
Source: Symrise
