2012 6 12 BPI on Contract in China
Mr. Iñigo de la Lastra
Head of Secondary Markets
CNMV Edison, 4
Quart de Poblet (Spain), October 31, 2014
In compliance with Article 82 of Law 24/1988, July 28, regulating the Securities Market and concordant provisions, NATRA SA informs about the financing of its working capital in relation to the Relevant Facts of August 29, September 11 and September 30 with register numbers
210243, 210659 and 211374, respectively.
With regards to the recent negotiations with the financial institutions of the syndicated loan of Natra SA aimed at obtaining approval to formalize with two international entities a credit line to finance the working capital, since the last of the nine financial institutions required to ratify the agreement did not approve this new financing, six entities of the syndicated loan that had already given their green light to the transaction confirmed their support to the company by formalizing today credit lines amounting to 12.5 million euros. The recipients of these funds will be Natra Chocolate International SL and Natra Cacao SL, operational and commercial companies of both the consumer and the industrial divisions of the Natra Group, respectively.
Although this funding will be provided by five entities (Banc Sabadell, Deutsche Bank, Citigroup, Banco Popular and the London-based fund Bybrook), this new financing was approved by nine entities accounting for over 90% of syndicated loan of Natra SA.
The two recipient companies of this new funding will allocate the resources to meet its working capital requirements, which have been increasing over the past quarters due to the continuous rise of the cocoa price.
These credit lines, -extendable up to July 2015- are part of the financial restructuring process started recently, which is expected to be finalized during the first quarter of 2015.
Mr. Ignacio López-Balcells
Secretary of the Board of Directors
Natra, S.A. - Investors Relations and Communication
Edificio Master's 1 - Av. General Perón, 38 B, 5º - 28020 Madrid - Tel. (+34) 91 417 88 68 - Fax. (+34) 91 770 34 24