€1.8 billion syndicated revolving credit facility
Key terms and conditionsBorrower Akzo Nobel N.V.
Facility amount: €1.8 billion
Purpose: General corporate purposes
Financial ratio covenants: None
In addition to the €1.8 billion syndicated revolving credit facility, AkzoNobel has a €1.5 and $3 billion commercial paper program in place, which can only be used to the extent that the equivalent portion of the revolving credit facility is not used.
AkzoNobel is committed to maintaining a strong investment grade rating. Regular review meetings are held between rating agencies and AkzoNobel senior management.
|Rating agency||Long-term rating||Outlook|
|Standard & Poor's²||BBB+||stable|
|¹. Rating affirmed on January 29, 2019|
|². Rating affirmed on October 2, 2018|