Imtech: Further update on discussions with financiers
(Thomson Reuters ONE) -
· No agreement has been reached with financiers for an increase of liquidity
headroom
· Ongoing dialogue with financiers
· Royal Imtech and Imtech Germany are evaluating the current situation
Further to its press release of 28 July last, Royal Imtech provides a further
update on the discussion with its financiers.
As announced on 28 July last, Imtech and its financiers are in an ongoing
dialogue about all possible long term structural solutions and about an
amendment to the financing arrangements including an increase in liquidity
headroom of ?75 million for the group and its subsidiaries, by utilising a
portion of its available guarantee headroom to facilitate such liquidity
facility until the end of December 2015 in two tranches of ?37.5 million.
Over the last days it has become clear that in light of requirements of German
law, in addition to the existing commitments of Royal Imtech towards Imtech
Germany, in the short term additional commitments have to be made vis-a-vis
Imtech Germany. This is being discussed with financiers with a view to amend the
proposal and the apportionment of the liquidity headroom mentioned above on
behalf of Imtech Germany.
These discussions are ongoing and Imtech will update the markets in due course.
More information
Media: Analysts & investors:
Dorien Wietsma Jeroen Leenaers
Director Corporate Communication & CSR Director Investor Relations
T: +31 182 54 35 53 T: +31 182 54 35 04
E: dorien.wietsma(at)imtech.com E: jeroen.leenaers(at)imtech.com
www.imtech.com www.imtech.com
Imtech profile
Royal Imtech N.V. is a European technical services provider in the fields of
electrical solutions, automation and mechanical solutions. With approximately
22,000 employees, Imtech holds attractive positions in the buildings and
industry markets in the Netherlands, Belgium, Luxembourg, Germany, Eastern
Europe, Sweden, Norway, Finland, the UK, Ireland and Spain, the European market
of Traffic as well as in the global marine market. Imtech offers integrated and
multidisciplinary total solutions that lead to better business processes and
more efficiency for customers and the customers they, in their turn, serve.
Imtech also offers solutions that contribute towards a sustainable society - for
example, in the areas of energy, the environment, water and traffic. Imtech
shares are listed on Euronext Amsterdam.
PDF: Press Release:
http://hugin.info/130755/R/1943710/703959.pdf
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Source: Imtech via GlobeNewswire
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