3 November 2014

TenCate closes new credit facility

On Friday, 31 October 2014 TenCate closed a €350 million credit facility with an international syndicate of six banks, with a possible increase of €150 million.

The facility has a five-year term. With this facility, TenCate has renewed the existing €450 million credit facility, which was closed in 2010. Like the existing facility, the new credit facility is flexible with regard to the seasonal patterns in the Net Debt/EBITDA ratio which are characteristic of certain business units, with covenants similar to those of the existing credit facility.

Royal Ten Cate
Almelo, The Netherlands, Monday, 3 November 2014
Download: 141031 Press Release TenCate regarding new credit facility.pdf
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