Business
Sandoz strengthens its balance sheet by issuing new bonds to repay spin-off term loans, and signs new USD 2 billion revolving credit facility
MEDIA RELEASENOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN New USD 2.0 billion multi-currency revolving credit facility (RCF) in place to further strengthen Sandoz balance sheet and liquidityNew facility replaces initial and unutilized USD 1.25 billion RCF, in place since spin-off in 2023Dual-tranche CHF 400m and single-tranche EUR 500 million bonds issuedProceeds used to fully repay USD 750 million equivalent in USD and EUR term loans and extend debt maturities t
About this update from Sandoz Group Ltd
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