Extension Of Revolving Credit Facility And Preview Of Q3 2020 Trading

Belysse NV

09/10/2020 18:26

Oct 9 (Reuters) - Balta Group NV  BALTA.BR :
    * EXTENSION OF RCF AND PREVIEW OF Q3 2020 TRADING
    * Q3 2020 CONSOLIDATED REVENUE FURTHER RECOVERED FROM
DOWNTURN IN
Q2 2020, ALTHOUGH STILL SOMEWHAT LOWER THAN IN Q3 OF 2019
    * THANKS TO SIGNIFICANTLY IMPROVED MARGINS AND REDUCED FIXED
COSTS, Q3 2020 ADJUSTED EBITDA IS EXPECTED TO BE WELL ABOVE LAST
YEAR'S Q3.
    * Q3 2020 CASH BALANCE AMOUNTS TO CA. EUR 117M AT END OF Q3
2020,
AN INCREASE OF MORE THAN EUR 30M DURING Q3
    * BALTA SIGNED AGREEMENTS WITH EACH OF LENDERS UNDER
EXISTING
EUROPEAN SUPER SENIOR REVOLVING CREDIT FACILITY TO AMEND AND
EXTEND MATURITY DATE FROM 11 AUGUST 2021 TO AT LEAST 30 JUNE
2022
    * MATURITY DATE MAY BE FURTHER EXTENDED TO A DATE NO LATER
THAN 30
JUNE 2024

Source text for Eikon:  ID:nNDLXKXkQ 
Further company coverage:  BALTA.BR 

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