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BMW Group successfully completes €8bn revolving credit facility

+++ 5 years plus two one-year extension options +++ Syndication process underlines sustainable corporate profile of BMW Group +++

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Joao Trincheiras
BMW Group

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Joao Trincheiras
BMW Group

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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Os valores do consumo de combustível, das emissões de CO2 e de consumo de energia aqui apresentados foram determinados de acordo com o Regulamento (CE) 715/2007 na versão aplicável no momento da homologação. Os valores referem-se à versão base de um veículo na Alemanha e na gama apresentada é considerado o equipamento opcional e os diferentes tamanho de jantes e pneus para a versão selecionada.

Os valores dos veículos já se baseiam no novo Regulamento WLTP e são traduzidos para valores equivalentes aos do NEDC de modo a garantir a comparação entre os veículos. [Relativamente a estes veículos, no que se refere a impostos relacionados com o veículo ou outras taxas baseadas (no mínimo, entre outros) nas emissões de CO2, os valores de CO2 podem ser diferentes dos valores aqui apresentados.]

As especificações da eficiência de CO2 são determinadas de acordo com a Diretiva 1999/94/CE e o regulamento europeu na sua versão atual aplicável. Os valores apresentados são baseados no consumo de combustível, valores de CO2 e de consumo de energia de acordo com o ciclo NEDC para a classificação.

Para mais informações sobre os dados oficiais do consumo de combustível e as emissões específicas de CO2 dos automóveis de passageiros novos, consulte as diretrizes sobre o consumo de combustível, emissões de CO2 e consumo de energia elétrica de automóveis de passageiros novos, disponíveis gratuitamente em todos os Concessionários BMW.

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