Philips extends credit facility

Royal Philips Electronics today announced a one-year extension of its existing EUR 1.8 billion revolving credit facility until February 18, 2016.

Philips took advantage of loan market conditions with a lower interest rate margin and has the possibility for an additional extension of the facility of up to two years.

Philips has the EUR 1.8 billion committed revolving credit facility for general corporate purposes. The company has never drawn on this revolving credit facility.

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