Sika AG agreed yesterday with a syndicate of 14 well-known banks, headed by UBS, to establish a 5-year credit facility in the amount of CHF 350 m. The facility, issued for the first time, was substantially oversubscribed.
Sika expects to use the credit line primarily as a reserve and for facilitating its central cash management. Local borrowing is to be replaced by a central Group liquidity administration.
The funding will also secure continued growth of the Group.
Contact: Alfred Spieser, Investor Relations
Tel.: +41 41 768 68 00
Fax: +41 41 768 68 50
Company Profile Sika AG
Sika AG, based in Baar, Switzerland, is a leading global supplier of specialty chemicals. Sika offers process materials for sealing, bonding, damping, reinforcing and protecting of load-bearing structures in construction (buildings and infrastructure) and in industry (transportation, automotive, marine and appliances & equipment).
Sika's product line includes concrete admixtures, speciality mortars, sealants, adhesives, speciality acoustic and reinforcing materials, structural strengthening systems, industrial flooring and membranes.
Locally based operations in more than 60 countries with over 8'000 employees connect customers directly with Sika and guarantee for the success of all our partners. With this concept Sika achieves an annual sales of approximately CHF 2.1 billion.
Visit the Sika website at www.sika.com.
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