India, Dec. 9 -- LANXESS has now agreed a new syndicated credit facility with 12 banks on the successful reduction of its greenhouse gas emissions (Scope 1) and the increase in the proportion of women on the top three management levels. With a volume of Euro one billion, it replaces the syndicated loan of Euro 1.25 billion expiring in May 2023. The initial tenure will be for five years, with options for one-year extensions.

"We are convinced that sustainable criteria are also becoming increasingly important for the capital markets. We have therefore developed this innovative financing concept together with our banking partners. With the 'sustainable' revolving credit facility, we are also underlining our commitment to achieving our ambit...