WALLDORF — SAP AG (NYSE: SAP) has announced today that it has signed a €1.5 billion five year Revolving Credit Facility (the “Facility”).
The Facility refinances SAP’s existing €1.5 billion revolving credit facility that was signed in September 2009 with a maturity until 2012. The Facility will be used for general corporate purposes. This operation acknowledges SAP’s strong liquidity profile and provides a Facility for the next 5 years. Commerzbank, Deutsche Bank AG, The Royal Bank of Scotland plc and Société Générale Corporate & Investment Banking acted as Mandated Lead Arrangers and Bookrunners of the Facility.
The Facility was well received and oversubscribed by close to 90% with a total of 30 banks committing to it. The success of the transaction is a resounding confirmation of SAP’s excellent reputation in the capital market and its high credit quality due to its strong financial profile.
SAP is the world’s leading provider of enterprise application software, offering solutions that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 105,000 customers in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol “SAP.” For more information, visit www.sap.com.