

Syndicated loan

One of the first instruments CLAAS entered the international capital markets with, was a syndicated credit facility (syndicated loan) in 1997. This first facility with a volume of DM 200 million was subsequently extended and enlarged several times over the years.
In September 2023, CLAAS renewed the syndicated credit facility with a consortium of ten international commercial banks. The volume was increased to €850 million and the term extended to September 2028 (with two one-year extension options).
Under the SynLoan, a consortium of banks provides the company a credit line on defined terms. The instrument is an important component of CLAAS' financing strategy and serves to flexibly cover the company's liquidity demand in the medium term.