REG - Origin Enterprises - New five-year €440 million credit facility

Origin EnterprisesAnnouncement

17/02/2025 07:00

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RNS Number : 3272X  Origin Enterprises Plc  17 February 2025

 

Origin agrees new five-year €440 million credit facility

 

Provides financial flexibility to deliver strategic objectives, aligned with
the Group's sustainability targets

 

Dublin, London, 17 February 2025: Origin Enterprises plc ('Origin' or the
'Company'), the international group championing sustainable land use
solutions, announces the agreement of a new five-year €440 million revolving
credit facility ('RCF'). The new facility represents an increase of €40
million on the existing facility and extends the facility to 31 January 2030.
The facility also has the option of two further extension options of one year
each and a further €100 million uncommitted loan facility. The new RCF
incorporates performance targets that are aligned with Origin's sustainability
strategy.

 

The RCF is provided by a syndicate of seven lenders including: Allied Irish
Banks, Bank of China, Bank of Ireland, Citibank, HSBC, ING and Rabobank.
Allied Irish Banks acted as sustainability co-ordinator and Bank
of Ireland acted as agent.

 

The Group will announce its FY2025 First Half Results on 4 March 2025.

 

Colm Purcell, Chief Financial Officer, commented: "This larger facility, which
now extends to 2030, provides Origin both the financial flexibility and
capacity to deliver our strategic objectives, aligned with our sustainability
targets. We welcome the participation of existing banking partners and new
lenders in the syndicate group."

 

ENDS

 

 

Enquiries:

 

Emer Moran                              +353 1 563
4900

Company Secretary

Origin Enterprises plc

 

 

 About Origin Enterprises plc

 Origin Enterprises plc champions sustainable land use through technically-led
 solutions, empowering our customers to enrich their land so it can achieve its
 true potential. The Group has leading market positions in Ireland, the United
 Kingdom, Brazil, Poland and Romania, and is listed on the Euronext Growth
 Dublin market and the AIM market of the London Stock Exchange.

 Euronext Growth (Dublin) ticker symbol:  OIZ
 AIM ticker symbol                        OGN
 Website:                                 www.originenterprises.com (http://www.originenterprises.com)

 

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