Dow Chemical closes new $5 billion revolving credit facility

By Aleesia Forni

Columbus, Ohio, Oct. 19 - The Dow Chemical Co. said it entered into a $5 billion five-year competitive advance and revolving credit agreement.

The company must maintain a consolidated debt to consolidated capitalization ratio of no more than 0.65 to 1 at any time when the total amount of outstanding borrowings under the revolver is equal to or greater than $500 million.

Citibank NA is administrative agent for this facility.

Dow Chemical is a Midland, Mich.-based specialty chemicals company.

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