Munich. The BMW Group has signed a €8.0 billion
syndicated revolving credit facility (RCF) with a tenor of five years
and two one-year extension options.
A total of 43 international and regional banks from Europe, America
and Asia have taken part in the transaction. With BNP Paribas, Citi
and Deutsche Bank as coordinating bookrunners, the BMW Group has
replaced the existing RCF of €8.0 billion signed in 2017.
For the first time, the BMW Group has consistently presented its
strategic focus on sustainability within the syndication process:
First, it handed a newly developed, comprehensive sustainability
factsheet over to the banks involved to provide transparent
information on its progress and goals. In a second step, the BMW Group
issued questionnaires to the lenders, aiming at reflecting the
outside-in perspectives of its sustainability performance, providing
impetus for the continuous further development of sustainability communications.
“At the BMW Group, sustainability is practiced in its three facets
-economically, ecologically and socially. It is present in the various
divisions of the company, its goals are omnipresent, and
sustainability is the focus of our long-term strategy. For the first
time, we have comprehensively revealed our corresponding activities in
a global financing process,” said Walter Mertl, Chief Financial
Officer of BMW AG in Munich on Wednesday. “For us, sustainability
means more than just achieving selected key figures. Our cross-company
approach goes far beyond that, and we present our progress
transparently and comprehensibly for the capital market and the public.”
The syndication process was completed by an exchange of the
participating banks with the company’s sustainability experts, who
explained and made transparent in more detail the strategic direction
and sustainable transformation of the BMW Group.
The syndicated revolving credit line is one of the standard financing
instruments of BMW Group Corporate Finance and serves to secure
short-term access to liquidity. In the history of the company, the RCF
has never been drawn.
If you have any questions, please contact:
BMW Group Corporate Communications
Britta Ullrich
Spokesperson Finance
Telephone: +49 89 382-18364
Email: britta.ullrich@bmwgroup.com
Eckhard Wannieck
Head of Corporate, Finance and Sales Communications
Telephone: +49 89 382-24544
Email: eckhard.wannieck@bmwgroup.com
Media website: www.press.bmwgroup.com
Email: presse@bmwgroup.com
The BMW Group
With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW
Group is the world’s leading premium manufacturer of automobiles and
motorcycles and also provides premium financial and mobility services.
The BMW Group production network comprises over 30 production sites
worldwide; the company has a global sales network in more than 140 countries.
In 2022, the BMW Group sold nearly 2.4 million passenger vehicles and
more than 202,000 motorcycles worldwide. The profit before tax in the
financial year 2022 was € 23.5 billion on revenues amounting to
€ 142.6 billion. As of 31 December 2022, the BMW Group had a workforce
of 149,475 employees.
The success of the BMW Group has always been based on long-term
thinking and responsible action. The company set the course for the
future at an early stage and consistently makes sustainability and
efficient resource management central to its strategic direction, from
the supply chain through production to the end of the use phase of all products.
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