LBi Agrees Upon New Credit Facilities With ABN AMRO
Existing Credit Lines Danske Bank Replaced and Extended
(firmenpresse) - AMSTERDAM, THE NETHERLANDS -- (Marketwire) -- 09/16/11 -- LBi International N.V. (NYSE Euronext symbol: LBI), Europe's largest marketing and technology agency, has signed a term sheet with ABN AMRO regarding new and extended credit facilities totalling EUR 70 million as well as an International Cash Management Solution.
These new facilities will replace the existing credit lines with Danske Bank. LBi is advised by Orchard Finance on the refinancing of its credit facilities and anticipates closing of the agreement within several weeks.
The new credit facilities will consist of EUR 20 million which replaces the existing uncommitted working capital facility, EUR 20 million which replaces the existing term loans, and an additional committed revolving facility of EUR 30 million to support expansion of activities in key markets in Europe and the US. The new committed credit lines will have a maturity of 3 years.
The refinancing by ABN AMRO is subject to agreement on the final transaction documentation.
: "Our new primary listing on NYSE Euronext Amsterdam obtained last year and the fact that ABN AMRO has presence in our key markets, make this a logical move. We are pleased to have reached agreement with ABN AMRO which is fully committed to enter into a long term partnership with LBi and support our growth strategy and ambitions."
LBi International N.V. (NYSE Euronext Amsterdam: LBI) is the leading European marketing and technology agency with a global reach.
Headquartered in Amsterdam (the Netherlands), LBi has a staff of 1,800 and operations in 15 countries. As a marketing and technology agency, LBi offers services to brands (clients) to help them engage with their customers through digital channels across a wide spectrum of their points of engagement, from initial awareness of the brand, through direct interaction with the services or products offered by the brand, to on-going relationships with the brand.
The company offers a suite of services that are designed to help companies attract, engage and manage customers, more effectively. This full service offering combines analytical, direct marketing and digital competences, which means that LBi is able to develop big creative ideas in the digital space, build and manage complex transactional websites, run complex CRM programmes and even handle the media buying, planning and electronic public relations for blue chip companies.
Luke Taylor
CEO
LBi International N.V.
+44 20 7063 6465
Huub Wezenberg
CFO
LBi International N.V.
+31 20 460 4500
For more information, go to
:
LBi International N.V.
Joop Geesinkweg 209
1096 AV Amsterdam
Box 94829
1090 GV Amsterdam Netherlands
Company registration no. 30277334
Phone: + 31 20 460 45 00
Fax: + 31 20 460 45 09
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 16.09.2011 - 10:49 Uhr
Sprache: Deutsch
News-ID 66624
Anzahl Zeichen: 0
contact information:
Town:
AMSTERDAM, THE NETHERLANDS
Kategorie:
Advertising, PR and Marketing
Diese Pressemitteilung wurde bisher 288 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"LBi Agrees Upon New Credit Facilities With ABN AMRO"
steht unter der journalistisch-redaktionellen Verantwortung von
LBi International N.V. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
