SAHR-0310 schreef op 19 februari 2020 07:05:
Fugro anticipates refinancing its current EUR 575 million Revolving Credit Facility and
repurchasing any and all of its EUR 190 million Convertible Bonds due 2021 with a new EUR 200
million Revolving Credit Facility and the issuance of EUR 500-550 million 5-year Senior Secured
Notes, and may issue new shares using its existing shareholder authorisation (up to 10% of
currently issued shares).
Fugro has had sounding discussions with a select number of investors and, subject to market
conditions, expects to announce further details about the Senior Secured Notes transaction
imminently.
Fugro will enter into a new 4.5 year EUR 200 million Revolving Credit Facility, subject to the successful
issuance of the Senior Secured Notes. The rate of interest will be EURIBOR plus a margin based on the
ratio of consolidated net debt to EBITDA. The new syndicated Revolving Credit Facility, which will
replace the current EUR 575 million Revolving Credit Facility, is arranged by ING, Rabobank, Credit
Suisse, BNP Paribas, HSBC and Bank of China.
BNP Paribas has been retained as sole dealer manager in relation to the buy-back of any and all of the
Convertible Bonds due 2021. Further details about the buy-back of any and all of the Convertible
Bonds due 2021 will be announced imminently.
Fugro does not require additional shareholder authorisation for the envisaged refinancing plan.