Grontmij announces comprehensive financial solution
(Thomson Reuters ONE) -
De Bilt, 9 March 2012 - Grontmij N.V. today announces a comprehensive financial
solution that has been agreed upon with its banks and certain major
shareholders. In order to obtain sufficient financial flexibility and to enable
Grontmij to focus on the execution of the restructuring plans and the
operational activities, the comprehensive solution involves a new debt facility
and a rights offering (subject to formal approvals.)
Key points financial solution:
* Fully underwritten ? 80 million rights offering backed by certain major
shareholders
* Pre-commitment of 48.5% by these shareholders: remaining 51.5% volume
committed by ING Bank N.V. and Nordea Bank Danmark A/S
* New debt facilities for an amount of ? 180 million with a tenor of four
years and a short term working capital facility until year-end 2012 of ? 10
million
Michiel Jaski, Grontmij CEO:
'We are pleased to announce a financial solution that permits Grontmij to look
forward with confidence. For the Boards of Grontmij it is extremely important
that, as part of this solution, we can offer all shareholders an equal
opportunity to participate in the recovery in the years to come. With the rights
offering we have secured that opportunity. Backed by this financial solution the
almost 10.000 professionals working at Grontmij can now fully focus again on the
business, to deliver excellent service in sustainable design and management
consultancy to our customers.'
To the website grontmij.com for the full press release
Note to editors
Grontmij is the third largest engineering consultancy in Europe with nearly
10,000 professionals. At the heart of our business is the sustainability by
design principle. It is a leading value proposition for our customers delivered
by four business lines: Planning & Design, Transportation & Mobility, Water &
Energy, Monitoring & Testing.
Press release - Grontmij announces comprehensive financial solution:
http://hugin.info/143540/R/1592730/500960.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: GRONTMIJ N.V. via Thomson Reuters ONE
[HUG#1592730]
Unternehmensinformation / Kurzprofil:
Datum: 09.03.2012 - 07:20 Uhr
Sprache: Deutsch
News-ID 123210
Anzahl Zeichen: 2794
contact information:
Town:
DE BILT
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 201 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Grontmij announces comprehensive financial solution"
steht unter der journalistisch-redaktionellen Verantwortung von
GRONTMIJ N.V. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
