Rheinmetall AG renews €500 million syndicated loan
Rheinmetall AG has renewed an existing syndicated loan for €500 million with a new syndicated loan facility, also worth €500 million. The new loan has a maturity of five years with two additional extension options, each for a period of one year (“5+1+1”).
Serving as coordinating bookrunners and mandated lead arrangers, Commerzbank AG, Crédit Agricole Corporate and Investment Bank, and Norddeutsche Landesbank arranged the transaction.
Together with the three coordinating banks, Rheinmetall invited ten other relationship banks to take part in the syndication loan. All of the banks accepted the Group’s invitation. Owing to substantial oversubscription, participation in the loan facility was distributed proportionately between the banks.
As a result of this successfully executed transaction, Rheinmetall has bolstered the Group’s financial position and significantly extended the maturity structure.
The new syndicated loan will be used for general company financing, functioning among other things as a back-up facility for Rheinmetall AG’s €500 million commercial paper programme.
Rheinmetall AGDr. Philipp von Brandenstein
Head of Corporate Communications
Rheinmetall Platz 1
Phone: +49 211 473-01
Fax: +49 211 473-4158