Zurich has completed the refinancing of its $3bn syndicated revolving credit facility. Given current strong liquidity in the bank market, the company decided to replace its existing $3bn credit facility that was completed in 2004 with a 5-year facility including two 1-year extension options. As the former facility, it serves for general corporate and backup liquidity purposes.
The facility received strong support from the market and was signed with the same bank syndicate.
Recent Related News
Zurich profit jumps
700 jobs threatened in Zurich restructure
