September 30, 2011

 

Akzo Nobel NV (AkzoNobel) signed a new, ?1.8 billion five year multi-currency syndicated revolving credit facility to refinance its existing ?1.5 billion facility.

 

The transaction - which has two, one-year extension options - was very well supported by the company's relationship banks during syndication, causing the facility to close oversubscribed.

 

The facility underpins the company's strong credit and liquidity profile, and is intended for general corporate purposes. AkzoNobel is rated Baa1 by Moody's and BBB+ by Standard & Poor's.

 

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AkzoNobel is the largest global paints and coatings company and a major producer of specialty chemicals. We supply industries and consumers worldwide with innovative products and are passionate about developing sustainable answers for our customers. Our portfolio includes well known brands such as Dulux, Sikkens, International and Eka. Headquartered in Amsterdam, the Netherlands, we are a Global Fortune 500 company and are consistently ranked as one of the leaders in the area of sustainability. With operations in more than 80 countries, our 55,000 people around the world are committed to excellence and delivering Tomorrow's Answers Today(TM).

 

 

Not for publication - for more information

 

Corporate Media Relations, tel. +31 20 502 78 33 Corporate Investor Relations, tel. +31 20 502 78 56
Contact: Tim van der Zanden Contact: Huib Wurfbain, Ivar Smits

 

 

Safe Harbor Statement
This press release contains statements which address such key issues as AkzoNobel's growth strategy, future financial results, market positions, product development, products in the pipeline, and product approvals. Such statements should be carefully considered, and it should be understood that many factors could cause forecasted and actual results to differ from these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations, developments in raw material and personnel costs, pensions, physical and environmental risks, legal issues, and legislative, fiscal, and other regulatory measures. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies. For a more comprehensive discussion of the risk factors affecting our business please see our latest Annual Report, a copy of which can be found on the company's corporate website www.akzonobel.com:
http://www.akzonobel.com/.

Pdf file AkzoNobel press release:
http://hugin.info/130660/R/1551162/477697.pdf



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