One of the first instruments with which CLAAS became present on international capital markets was a syndicated credit facility (syndicated loan) in 1997. This first facility with a volume of DM 200 million was subsequently replaced by a new instrument with a volume of €250 million and an initial maturity of 5 years in 2005.
In July 2007, shortly before a significant increase in risk premiums on the international capital markets, CLAAS was able to extend the syndicated loan at the same conditions for a further 4 years through to July 2014.
The instrument was renewed and extended in April 2014. Within the framework of the syndicated loan, eight international banks now provide the company with a credit line with a total volume of €300 million at defined terms and conditions. The current maturity of the instrument is April 1st, 2021.