2010

10 十二月 2010

TenCate concludes new credit facility

On Wednesday 8 December 2010 TenCate concluded a credit facility with an international syndicate of eleven banks in the amount of € 450 million. The term of this facility is five years. In this way TenCate is renewing the existing credit facility, which was concluded in 2007 for € 250 million and was increased to € 400 million in 2008.

The new credit facility has greater flexibility as regards amongst others seasonal patterns in the Net Debt/EBITDA, which are characteristic for some business units, such as synthetic turf activities. The new credit facility will be used partly to support the TenCate Buy & Build strategy.


Royal Ten Cate
Almelo, the Netherlands, Friday 10 December 2010

下载 101210 Press release TenCate concerning new credit facility
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