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Refinancing of credit facility improves DyStar's cash flow
03
Aug '12
DyStar Global Holdings (Singapore) Pte Ltd has refinanced the existing credit facility that is with State Bank of India (SBI). SBI was the main bank to finance the acquisition of DyStar in 2010.

The refinancing of the credit facility reduces borrowing cost and improves cash flow to accelerate the strategic, long-term growth plans of DyStar. A further benefit of the transaction is the release of worldwide assets that were pledged as security for the SBI credit facility.

“This transaction was one of many strategic steps in the process of establishing DyStar as long-term supplier of textiles dyes, chemicals and services to the global textile market and it’s comforting to have this financial flexibility worldwide in time when many global economies are facing difficulties” says Harry Dobrowolski, CEO of Dystar.

 

 

DyStar

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