The new facility provides attractive financing for general business purposes including the flexibility for Sulzer to pursue acquisitions and growth opportunities.
The deal was launched at CHF 500 million with Sulzer achieving the desired facility size, underscoring the company’s strong credit profile.
Citi was appointed to assist in the coordination of the facility. In addition to Citi, the club-style deal saw nine other banks participate as bookrunners and mandated lead arrangers including Bank of America Merrill Lynch, Banque Cantonale Vaudoise, Basler Kantonalbank, Credit Suisse, Deutsche Bank, HSBC, Nordea, UBS, and Zürcher Kantonalbank, with Credit Suisse acting as facility agent.