ARCADIS successfully extends its debt maturity profile with an inaugural Schuldschein transaction
(Thomson Reuters ONE) -
May 11, 2015 - ARCADIS (EURONEXT: ARCAD), the world's leading natural and built
asset design & consultancy firm, today announced it has raised EUR 170,000,000
through the company's inaugural transaction in the Schuldschein market.
· EUR 170,000,000 raised with maturities of 5 and 7 years
· The 5 year tranche was priced with a spread of 150 bps
· The 7 year tranche was priced with a spread of 175 bps
· Transaction marks largest Dutch corporate Schuldschein since 2009
· Strong geographic investor
diversification achieved across Europe and Asia
· Hyder acquisition financed on a long term basis
The volume of the Schuldschein was initially announced at EUR 100,000,000 and
was then increased to EUR 170,000,000 due to very strong demand from investors
with the order book covering the initial launch volume 4 times. All tranches
have been priced at the tight end of the spread ranges. The split across
maturities is EUR 70,000,000 in five years and EUR 100,000,000 in seven years.
Roughly three quarters of the volume was placed with Asian, Benelux as well as
French investors and investors out of Italy, Germany, Spain and Austria
completing the picture.
ARCADIS is using the instrument to take out the remainder of the bridge
financing that was in place for the acquisition of Hyder concluded at the end of
2014. The remaining funds can be used to finance the future business growth of
the company.
"With this step we make good use of the attractive market conditions to
refinance a temporary instrument that has served us well to finance an important
acquisition, while at the same time giving us more diversification in our
sources of funding," said Renier Vree, CFO of ARCADIS.
For more information please contact Joost Slooten at +31 (0) 20 2011083, or
outside office hours at +31 (0) 6 27061880 or joost.slooten(at)arcadis.com
About ARCADIS: ARCADIS is the leading global natural and built asset design &
consultancy firm working in partnership with our clients to deliver exceptional
and sustainable outcomes through the application of design, consultancy,
engineering, project and management services. ARCADIS differentiates through its
talented and passionate people and its unique combination of capabilities
covering the whole asset life cycle, its deep market sector insights and its
ability to integrate health & safety and sustainability into the design and
delivery of solutions across the globe. We are 28,000 people that generate more
than ?3 billion in revenues. We support UN-Habitat with knowledge and expertise
to improve the quality of life in rapidly growing cities around the world.
Please visit: www.arcadis.com
ARCADIS successfully extends its debt maturity profile:
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Source: ARCADIS N.V. via GlobeNewswire
[HUG#1920167]
Unternehmensinformation / Kurzprofil:
Datum: 11.05.2015 - 08:00 Uhr
Sprache: Deutsch
News-ID 392114
Anzahl Zeichen: 3658
contact information:
Town:
Amsterdam
Kategorie:
Business News
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