TenCate concludes new credit facility
(Thomson Reuters ONE) -
On Wednesday 8 December 2010 TenCate concluded a credit facility with an
international syndicate of eleven banks in the amount of ? 450 million. The term
of this facility is five years. In this way TenCate is renewing the existing
credit facility, which was concluded in 2007 for ? 250 million and was increased
to ? 400 million in 2008.
The new credit facility has greater flexibility as regards amongst others
seasonal patterns in the Net Debt/EBITDA, which are characteristic for some
business units, such as synthetic turf activities. The new credit facility will
be used partly to support the TenCate Buy & Build strategy.
Royal Ten Cate
Almelo, the Netherlands, Friday 10 December 2010
For further information:
Drs. F.R. Spaan, director investor relations & corporate development
Telephone : +31 (0)546 544 338
Mobile : +31 (0)6 12 96 17 24
E-mail :f.spaan(at)tencate.com
Internet :www.tencate.com
Royal Ten Cate (TenCate) is a multinational company which combines textile
technology with related chemical processes and material technology in the
development and production of functional materials with distinctive
characteristics. Products of TenCate are sold worldwide.
Systems and materials from TenCate come under four areas of application: safety
& protection, space & aerospace, infrastructure & the environment, and sport &
recreation. TenCate occupies leading positions in protective fabrics, composites
for space and aerospace, antiballistics, geosynthetics and synthetic turf.
TenCate is listed on the NYSE Euronext (AMX).
Press release as PDF:
http://hugin.info/130798/R/1471142/407984.pdf
This announcement is distributed by Thomson Reuters on behalf of
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(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: Koninklijke Ten Cate NV via Thomson Reuters ONE
[HUG#1471142]
Unternehmensinformation / Kurzprofil:
Datum: 10.12.2010 - 08:01 Uhr
Sprache: Deutsch
News-ID 49593
Anzahl Zeichen: 2445
contact information:
Town:
Almelo
Kategorie:
Business News
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"TenCate concludes new credit facility"
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