SANOFI-AVENTIS CONCLUDES €10 BILLION IN MEDIUM-TERM CREDIT AGREEMENTS WITH ITS BANKS TO REFINANCE THE AVENTIS ACQUISITION FINANCING ENTERED INTO IN APRIL 2004
Sanofi-aventis announced today the simultaneous signature of a medium-term syndicated credit agreement amounting to €8 billion and four bilateral credit facilities amounting to €500 million each. The syndicated credit agreement consists of two revolving credit lines each having a different maturity: · a €5.5 billion five-year tranche with the possibility of extending the maturity up to seven years, and · a €2.5 billion seven-year tranche. The bilateral credit facilities have three-year maturities. These new credit facilities totaling €10 billion, which follow the refinancing in January of