KWS renews syndicated credit facility

The credit facility replaces the existing syndicated credit facility due in June 2025 with a maturity of five years with options to extend it by up to two years. The renewed syndicated credit facility provides KWS with additional financial flexibility; the previous syndicated credit facility (in place since 2019) has not been utilised.

Due to KWS's strong financial position, the participating banks have waived the agreement of financial covenants. Another new feature is the linking of financing costs to KWS's sustainability performance. Depending on the degree to which selected sustainability indicators have achieved their targets, KWS's borrowing costs will be reduced or increased.

A consortium of seven banks has participated in the credit facility, with DZ Bank, ING and HSBC acting as coordinators.

KWS is one of the world’s leading plant breeding companies. Nearly 5,000 employees in more than 70 countries generated net sales of around EUR 1.68 billion in the fiscal year 2023/2024.

The A&O Shearman team comprised partners Dr. Rauni Ahammer and Dr. Walter Uebelhoer and associate Dr. Laura Frömel (all Banking and Finance, all Munich).