* As the graph refers to 31 December 2022, the previous syndicated loan (maturing in 2024) is still included here but has since then already been replaced by a new (sustainability-linked) syndicated loan agreement maturing in 2028. For further details, please refer to our announcement of the 21st February 2023 on the new loan agreement. Beginning of 2023, Brenntag repaid a part of the outstanding liabilities under the old syndicated loan (maturity 2024) and as a result, the total balance (excluding accrued interest and transaction costs) under the new syndicated loan (maturity 2028) at the time of refinancing in February 2023 is c. EUR 180m
Creditor Relations
Brenntag's financing strategy
- Maintain Brenntag's financial strength at all times
- Long-footing and well balanced credit profile
- High degree of independence, security and flexibility
- Reduction of transaction risks related to foreign currencies to an absolute minimum
- Optimizing costs of capital
- Align and maintain Group-wide standards for credit risks, banking activities, financial risk management, hedging activities by a Group-wide Finance Guideline
Reasons to invest in Brenntag Debt
stable free cash flow generation
well diversified generation of earnings across industries, currencies and countries
well balanced credit profile based on a long-term footing
Investment grade ratings by S&P and Moodys
reliable partner and a very solid credit history
As of December 31, 2022
| Rating agency | Rating | Outlook | Date |
|---|---|---|---|
| Moody's | Baa2 | stable | March 17, 2021 |
| S&P Global Ratings | BBB+ | stable | August 15, 2023 |
