Arnhem, the Netherlands, May 11, 2006 — Akzo Nobel has announced the signing today of a new seven-year EUR 1.5 billion multi-currency revolving credit facility.
The new financial arrangement replaces a similar EUR 1.5 billion credit facility which was due to expire in November 2008.
The new facility takes advantage of favorable conditions in credit markets. It will, like the previous facility, be used as liquidity backup for Akzo Nobel’s commercial paper programs and for general funding purposes.
Akzo Nobel has never drawn on its previous facility.