Zurich Refinances $3 Billion Credit Line

Zurich Financial Services Group announced that it has successfully completed the refinancing of its $3 billion syndicated revolving credit facility.

“Given current strong liquidity in the bank market, the company decided to replace its existing $3 billion credit facility that was completed in 2004 with a 5-year facility including two 1-year extension options,” said the announcement.

It added that, “as the former facility, it serves for general corporate and backup liquidity purposes.

“The facility received strong support from the market and was signed with the same bank syndicate.”