Brief: Basic-Fit Successfully Extends And Increases Bank Facilities

Basic-Fit

01/07/2025 07:26

July 1 (Reuters) - Basic-Fit NV BFIT.AS:

SUCCESSFULLY EXTENDS AND INCREASES BANK FACILITIES

HAS SECURED EUR 150 MILLION IN NEW FACILITIES WITH ING BANK

WITH THESE ADDITIONAL FACILITIES BASIC-FIT HAD AROUND EUR 390 MILLION IN AVAILABLE LIQUIDITY AT END OF JUNE

WILL BE ABLE TO COMFORTABLY MEET ANY REDEMPTION REQUEST OF CONVERTIBLE BOND HOLDERS IN JUNE 2026

WILL HAVE MORE FINANCIAL HEADROOM WHILST CONTINUING TO REDUCE ITS FINANCIAL LEVERAGE TO BELOW 2.0 TIMES ADJUSTED EBITDA IN 2026

Source text: ID:nNDLjTh0m

Further company coverage: BFIT.AS

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