USG People concludes successful refinancing
(Thomson Reuters ONE) -
Almere, 8 July 2011 - USG People N.V. has taken advantage of the extremely
favourable market conditions and successfully concluded a new ? 700 million
credit facility with a syndicate of banks.
The agreement concerns a revolving and stand-by facility which provides
increased flexibility with regard to drawdowns and repayments. The new 5-year
facility replaces the existing syndicated bank facility which was due to mature
in November 2012. The agreement was concluded with an international syndicate of
eight leading banks, with ABN-AMRO, ING and Rabobank acting as lead arrangers.
Completing the refinancing at this early stage allows USG People to benefit from
the favourable current market conditions. USG People has been able to conclude
the facility at better terms and conditions. Not only is the interest rate lower
compared to the previous facility, but the bank covenants are also less
restrictive. The new facility safeguards the continuity of financing for the
years to come.
For more information, please contact:
Leen Geirnaerdt, CFO
Telephone: +31 (0)36 529 95 07
Disclaimer
This press release is available in Dutch and English. In the event of
ambiguities, the Dutch text shall prevail.
About USG People
With revenue of ? 3.1 billion in 2010 USG People ranks fourth in Europe in
HR services with a wide array of well-established and recognisable brands.
Headquartered in the Dutch city of Almere, USG People is active in Belgium,
France, Germany, Italy, Luxembourg, the Netherlands, Austria, Poland, Spain and
Switzerland.
The brand portfolio of USG People comprises Start People (General Staffing) -
AdRem Young Professionals, ASA Student, Creyf's, Express Medical, Receptel,
Secretary Plus, Technicum and Unique (Specialist Staffing) - Legal Forces,
USG Capacity, USG Energy, USG Financial Forces, USG HR Forces, USG Innotiv,
USG Juristen, USG Restart and de wereld van ikki (Professionals) - Call-IT
(Other Services).
USG People is listed on the NYSE Euronext Amsterdam stock exchange and is
included in the Amsterdam Midcap Index (AMX).
For more information on USG People or any of its operating companies, please
visit our website at www.usgpeople.com.
download the press release in pdf format:
http://hugin.info/130803/R/1529386/464906.pdf
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(i) the releases contained herein are protected by copyright and
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originality of the information contained therein.
Source: USG People NV via Thomson Reuters ONE
[HUG#1529386]
Unternehmensinformation / Kurzprofil:
Datum: 08.07.2011 - 08:00 Uhr
Sprache: Deutsch
News-ID 56241
Anzahl Zeichen: 3158
contact information:
Town:
Almere
Kategorie:
Business News
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"USG People concludes successful refinancing"
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