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Article: Sanofi-aventis Concludes Euro 10 Billion in Medium-Term Credit Agreements With Its Banks to Refinance the Aventis Acquisition Financing Entered Into in April 2004.
- Article from:
- PR Newswire
- Article date:
- April 1, 2005
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PARIS, April 1 /PRNewswire-FirstCall/ -- Sanofi-aventis announced today the simultaneous signature of a medium-term syndicated credit agreement amounting to euro 8 billion and four bilateral credit facilities amounting to euro 500 million each.
The syndicated credit agreement consists of two revolving credit lines, each having a different maturity:
* a euro 5.5 billion five-year tranche with the possibility of extending
the maturity up to seven years, and
* a euro 2.5 billion seven-year tranche.
The bilateral credit facilities have three-year maturities.
These new credit facilities, totaling euro 10 billion, which follow the ...