Brief: Greenyard Closes EUR 420 Mln Financing Agreement

Greenyard NV

23/09/2022 07:03

Sept 23 (Reuters) - Greenyard NV  GREENY.BR :
    * GREENYARD CLOSES REFINANCING WITH BANKING GROUP
    * AGREEMENT SECURES FUNDING STABILITY FOR THE NEXT 5 YEARS
AND
ROOM FOR FURTHER GROWTH
    * CLOSED A NEW FINANCING AGREEMENT FOR € 420M
    * € 220M SENIOR SECURED TERM LOAN A AND A € 200M SENIOR
SECURED
REVOLVING CREDIT FACILITY WITH A SYNDICATE OF BANKS
    * DOCUMENTATION INCLUDES A LEVERAGE-BASED MARGIN BETWEEN
250BPS
AND 175BPS FOR THE TERM LOAN
    * DOCUMENTATION INCLUDES A LEVERAGE-BASED MARGIN BETWEEN
225BPS
AND 150BPS FOR THE REVOLVING CREDIT FACILITY
    * SIGNIFICANT PART OF THE FLOATING DEBT RATE HAS BEEN
PREHEDGED,
ALREADY BEFORE SUMMER

Source text: https://bit.ly/3SejT5y
Further company coverage:  GREENY.BR 
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