SAP to Establish Syndicated Credit Facility

This credit facility would provide additional liquidity to SAP, but the Company does not currently intend to draw down the facility. The planned credit facility has a five-year maturity and is expected to be arranged in addition to the existing short-term credit facilities of SAP AG. “Current market conditions present an optimum environment to arrange the new facility, which provides SAP greater financial flexibility in managing its regular course of business”, said Werner Brandt, CFO and Member of the Executive Board of SAP AG. The lead banks are expected to begin bank syndication today.
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Source: SAP AG