Brenntag has closed a new €1.5 billion syndicated credit facility effective February 17, 2023. This new credit facility has a tenor of five years. It was signed with a group of 17 core banks, and replaces the syndicated credit facility of a similar amount that expires in January 2024. It is divided into two credit lines: a €1 billion credit line that can be drawn in various currencies and a credit line of $525 million.
In a first for Brenntag, the interest conditions of the credit facility were also linked to the achievement of quantitative ESG criteria. The ESG targets defined for this credit facility are derived from the ESG strategy targets for 2030, which Brenntag already redefined last year, and relate to the following areas: