Noerr advises Covestro AG on €1.5 billion syndicated credit facility

A Noerr team led by Alexander Schilling and Andreas Naujoks has advised Covestro AG on agreeing a new €1.5 billion syndicated revolving credit facility.

On 10 March 2026, Covestro successfully secured a new €1.5 billion syndicated revolving credit facility with its 15 core banks. The facility has an initial term of three years and includes two options to extend the maturity by one year each. It can be drawn in multiple currencies and serves as a strategic standby liquidity reserve, further enhancing Covestro’s financial flexibility and resilience.

The new facility replaces the existing €2.5 billion revolving credit line, which also served as a backup liquidity reserve. It provides Covestro with financial flexibility and liquidity reserves on favourable terms.

Advisors to Covestro AG: Noerr

Alexander Schilling (partner), Andreas Naujoks (partner), Jonas Zinkand (senior associate), Jonas Strubel (associate, all Finance, Frankfurt), Julian Schulze De la Cruz (partner, Capital Markets, Frankfurt), Andre Happel (partner), Martin Haisch (partner), Thomas Renner (senior associate, all Tax, Frankfurt)