In March 2005 Bayer closed a EUR 3.5 billion revolving credit facility with a group of over 30 banks as a source of general business financing and as a back-up line for its CP program.
Originally, the facility had a term of five years plus two possible one-year extensions. At the request of Bayer, the term has been extended twice until 2012.
The credit facility was arranged by Bank of America, Calyon, Citigroup, Deutsche Bank, HSBC und J.P. Morgan and is provided by Bayer's core banks.
