Evonik secures 1.75 bln euro credit facility
FRANKFURT, Sept 4
FRANKFURT, Sept 4 (Reuters) - Germany's Evonik said it secured a 1.75 billion euro ($2.3 billion) credit facility from 27 banks, taking advantage of low interest rates to refinance.
The credit facility is split into two tranches of 875 million euros each, with initial maturities of three and five years, the maker of animal feed additives, acrylic glass and super-absorbents for diapers said on Wednesday.
It replaces a 1.5 billion euro loan signed in 2011.
($1 = 0.7601 euros) (Reporting by Maria Sheahan)
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