Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Bolsas y Mercados Espanoles  >  Natra SA    NAT   ES0165515117

NATRA SA

(NAT)
SummaryNewsCompany 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Natra : 2014 10 31 Granting of credit lines for the working capital (PDF)

10/31/2014 | 09:56am EST

2012 6 12 BPI on Contract in China


Mr. Iñigo de la Lastra
Head of Secondary Markets
CNMV Edison, 4
28006 Madrid
Quart de Poblet (Spain), October 31, 2014

RELEVANT FACT

Dear Sir,
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.
Yours faithfully,
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

www.natra.es

distributed by

© Publicnow 2014
All news about NATRA SA
2016NATRA : 2016 09 05 - Antonio Obieta Chairman of the Board appointment (PDF)
PU
2015NATRA : 2015 08 05 - Bridge Loan signature (PDF)
PU
2014NATRA : 2014 10 31 Granting of credit lines for the working capital (PDF)
PU
2014NATRA : 2014 09 22 Confirmation of media information about financing of working ..
PU
2014NATRA : 2014 08 29 New financing of working capital (PDF)
PU
2014NATRA : Cocoa grinding in the second quarter of 2014
PU
2013NATRA SA : quaterly earnings release
More news
Sector and Competitors
1st jan.Capitalization (M$)
NATRA SA17.25%173
LINDT & SPRUENGLI-3.39%21 880
BARRY CALLEBAUT AG-4.56%12 370
MORINAGA & CO., LTD.-0.52%1 881
KOTOBUKI SPIRITS CO., LTD.0.56%1 630
CLOETTA AB (PUBL)-0.98%839