Linklaters has advised an international banking syndicate on a syndicated credit line for BASF SE. The credit agreement has a volume of six billion euros.
The new five-year revolving credit facility with an extension option is available to the group for very short-term liquidity requirements if needed and serves to finance general corporate purposes.
BASF SE is a leading global chemical company with approximately 112,000 employees and 234 production sites. The company’s portfolio comprises the segments Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated global revenues of EUR 68.9 billion in 2023.
Linklaters advised with Fabian Neumeier and Martin Reschke (both lead, both Banking) and Dr Ulrich Johann and Dr Benedikt Kruse (both Tax).
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