Saint-Gobain signs €1.5 billion credit facility

Published 11th December, 2012 by Greg Morris

Saint-Gobain has signed a revolving credit facility for €1.5 billion with 28 banks, maturing in December 2017.

The facility, initially planned for €1 billion, was oversubscribed with bank commitments reaching in excess of €2.2 billion.

This enabled Saint-Gobain to increase the size of the facility to €1.5 billion and it said underlines renewed banks’ confidence in the credit quality of Saint-Gobain.

This credit facility replaces €1 billion facility which was due to mature in June 2013 and reduces another facility from €3 billion to €2.5 billion maturing in December 2015.

Greg Morris

Glass International Editor

Greg Morris has been editor of Glass International and organiser of the Glassman conferences since 2012, specialising in glass packaging. Prior to this he spent five years working in newspaper journalism.