Deutsche Post DHL agrees upon EUR 2 billion syndicated loan

  • New financing instrument serves as a secure and financially attractive liquidity reserve
  • Long-term maturity of five years
  • Consortium of German and international commercial banks

Bonn, 12/22/2010, 09:00 AM CET

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The Group has made use of the current favourable market conditions.

Deutsche Post DHL has today for the first time in its company history agreed upon a revolving syndicated credit facility with a consortium of German and international banks. With a volume of EUR 2 billion it serves as a replacement for the previous bilateral credit lines and further strengthens the Group’s very solid financial position. The syndicate was formed in November 2010 amongst selected commercial banks of Deutsche Post DHL. The commissioned banking consortium includes Citibank, Commerzbank, Deutsche Bank and HSBC.

With the five-year syndicated loan Deutsche Post DHL has made use of the current favourable market conditions and agreed upon a long-term secure and financially attractive liquidity reserve. At the same time by further optimising its financing structure the company has implemented an important component of its new financial strategy, presented in spring.

“By concluding this syndicated credit line we have, as planned, further reduced the complexity of our financing instruments and secured long-term advantageous financing conditions,” said Larry Rosen, Chief Financial Officer of Deutsche Post DHL. “Thanks to our extremely stable financial foundation we have the flexibility and stability required to be able to actively shape the company’s future, even if framework conditions should change. Today’s agreement contributes significantly to that.”

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