Sanofi-Aventis To Reorganize Short-Term Financing

PARIS, Dec. 22 /PRNewswire-FirstCall/ -- Sanofi-aventis announced today its plan to reimburse the short-term tranche of the syndicated credit line which was put in place in April 2004 to finance the acquisition of Aventis (Tranche A).

This 5 billion-Euro tranche is maturing on January 24, 2005. The company had an option to extend maturity for a maximum of one year. However, in order to optimise its financing costs, sanofi-aventis has decided:

- not to extend the term of tranche A, - to actively use its French and U.S. commercial paper programmes for its short term financing, - to launch, in order to support these programmes, the syndication of a 364-day, 5 billion-Euro revolving credit line, which will be co-arranged by BNP-Paribas and Societe Generale. CONTACT: Charles F. Rouse III sanofi-aventis +1-908-243-6050

sanofi-aventis

CONTACT: Charles F. Rouse III of sanofi-aventis, +1-908-243-6050

Back to news