Continental has agreed to a new revolving credit line with its consortium banks worth €4 billion and with a term of five years. Continental is thus refinancing its current credit line of €3 billion ahead of schedule. This would have been due in April 2021. As well as an increase in the credit line, Continental has also agreed upon improved conditions and taken sustainability components into account. This includes, for example, procuring electricity externally from renewable sources. The DAX company is thus breaking new ground in the field of sustainable finance. The syndicate supplying the credit line to Continental consists of 27 international banks. BNP Paribas and Deutsche Bank will act as lead managers, with the former also assuming the role of sustainability advisor.
BNP Paribas Germany News & Press