Improved financing for Gamma Holding
(Thomson Reuters ONE) -
Gamma Holding has reached agreement with ABN AMRO, ING and Rabobank on changes
to the Company's existing loan facilities until March 2014.
The financing now available consists of three separate facilities in which the
banks are participating equally:
* a facility of $ 125 million;
* a facility of ? 70 million; and
* a multicurrency facility of ? 100 million.
The changes will take effect from the beginning of December 2010 until March
2014. Furthermore, the financing may, with the consent of the banks, be extended
for a maximum of two times one year until March 2015 and March 2016
respectively.
The changes to the facilities mean that the right of conversion from the
original loan agreement which ran until July 2011 at the latest ceases to exist.
Under that arrangement the banks were able, on certain conditions, to convert a
portion of the original loan facilities into newly issued cumulative preference
shares.
Executive Board of Gamma Holding N.V.
Helmond, 25 November 2010
Appendix (pdf-file)
Conditions of revised loan agreement
Profile
Gamma Holding is active in 34 countries with some 4,500 employees and consists
of four business units: Ammeraal Beltech, Clear Edge Filtration, Dimension-
Polyant and Bekaert Textiles. The units develop, manufacture and sell
innovative, high-quality products throughout the world, varying from process and
conveyor belts and filtration products to sailcloth and mattress ticking. With
these activities, the business units of Gamma Holding hold prominent market
positions worldwide. The company's headquarters are located in Helmond
(Netherlands) and its shares are listed on Euronext Amsterdam.
For more information, click on www.gammaholding.com.
[HUG#1465285]
Click here for pdf-file:
http://hugin.info/130740/R/1465285/403521.pdf
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Source: Gamma Holding NV via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 25.11.2010 - 08:00 Uhr
Sprache: Deutsch
News-ID 49092
Anzahl Zeichen: 2626
contact information:
Town:
Helmond
Kategorie:
Business News
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"Improved financing for Gamma Holding"
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