Rueil-Malmaison (France), September 15, 2009 - Schneider Electric has just signed a 3 and 5-year credit facility for a total amount of EUR1.8bn.
Eighteen banks participated in this financing which has been more than twice oversubscribed. It replaces the credit line maturing in 2010.
This facility allows the Group to secure a very strong liquidity position. Schneider Electric has more than EUR2.8bn of credit lines, of which EUR2.5bn with maturities in June 2012 and beyond.
About Schneider Electric
As a global specialist in energy management with operations in more than 100 countries, Schneider Electric offers integrated solutions across multiple market segments, including leadership positions in energy and infrastructure, industrial processes, building automation, and data centres/networks, as well as a broad presence in residential applications. Focused on making energy safe, reliable, and efficient, the company's 114,000 employees achieved sales of more tha 18.3 billion euros in 2008, through an active commitment to help individuals and organisations "make the most of their energyTM".