The Sartorius Group has entered into new financing packages for the next five years for its two subgroups.
The company signed two facility agreements with a syndicate of banks headed by the mandated lead arrangers Commerzbank Aktiengesellschaft, the investment banking division of Dresdner Bank AG and WestLB AG for credit lines amounting to an aggregate of EUR400m.
Of this aggregate total, EUR220m is available to the subgroup Sartorius Stedim Biotech and EUR180m to Sartorius AG, under which the mechatronics activities of the group are directly managed.
On the whole, 13 banks participated in the credit facilities.
The facility agreements have replaced the bridge loan that the company had arranged in 2007 through Commerzbank Aktiengesellschaft and WestLB AG in connection with the business combination of its biotechnology division and the French company Stedim.
