Ordina successfully completes refinancing
(Thomson Reuters ONE) -
Nieuwegein, 19 May 2015
Ordina has agreed a new financing facility of EUR 30 million under more
favourable conditions:
* The margin has been cut to 1.00%, compared to the margin of 2.25% - 3.75%,
depending on the leverage ratio, for the previous facility;
* The covenant related to the ratio of net debt to corrected EBITDA has been
relaxed;
* The financing has a term of five years with an initial term of three years
and an option to extend twice for a period of one year.
The revolving facility has been fully committed by ABN AMRO and ING and replaces
the previous facility of EUR 35 million extended by ABN AMRO, ING and NIBC,
which was due to expire in November 2016. ABN AMRO acted as lead arranger for
the facility.
Ordina will provide further details of the new facility in its interim report.
# # #
ABOUT ORDINA
Ordina is the largest independent IT services provider in the Benelux, with more
than 2,900 employees. We design, build and maintain IT solutions for
organisations in the public sector, in financial services, industry and the
healthcare sector. We aim to design IT solutions that help people, IT that
matters and that is produced without wasting precious resources. We do this by
forging Partnerships in Sustainable Innovation with our clients.
Ordina was founded in 1973. The company's shares have been listed on the NYSE
Euronext Amsterdam since 1987 and are included in the Small Cap Index (AScX). In
2014, Ordina recorded turnover of EUR 367 million. For more information visit
the company's website at www.ordina.com.
For more information:
Media:
Annemieke den Otter, Investor Relations
Mail: annemieke.den.otter(at)ordina.nl
Telephone: +31 (0)30 663 7468
Jeroen Hellenberg, Communications
Mail: jeroen.hellenberg(at)ordina.nl
Telephone: +31 (0)30 663 8557
This document contains pronouncements forecasting the future financial
performance of Ordina N.V. and outlines certain plans, targets and ambitions
based on current insights. Obviously, such forecasts are not without risk; they
entail a relative degree of uncertainty since no guarantees exist on future
circumstances. There are many factors that could potentially affect the actual
performance and forecasts, causing them to deviate from the situation described
in this document. Such factors include: general economic trends, the pace of the
globalisation of the solutions, IT and consulting markets, the growing number of
projects with responsibility for deliverables, scarcity on the labour market,
and future acquisitions and disposals.
Ordina successfully completes refinancing:
http://hugin.info/130778/R/1922450/689190.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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: Ordina via GlobeNewswire
[HUG#1922450]
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Datum: 19.05.2015 - 18:00 Uhr
Sprache: Deutsch
News-ID 394409
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