ROYAL BAM GROUP N.V. Bunnik, the Netherlands, 29 November 2016 - Royal BAM Group nv has renewed its revolving credit facility until 31 March 2022. The arrangement is a fully committed revolving credit facility and replaces the previous facility of currently €417.5 million, which was due to expire in January 2018.
BAM has entered into a syndicated multi-currency revolving credit facility agreement amounting to €400 million with a syndicate of leading European banks. Bookrunning Mandated Lead Arrangers (BMLAs) are Rabobank, ING Bank, ABN AMRO Bank and KBC Bank plus additional six MLAs (Société General, BNP Paribas, Commerz Bank, HSBC, Lloyds and UniCredit).
After the successful issue of the five year €125 million subordinated convertible bond in June 2016, the long maturity and broad interest of reputable financiers again confirm BAM's leading strength in the construction industry.
The qualitative terms of the agreement are material similar to the existing agreement with adjustments in line with the current Loan Market Association (LMA) standard. The credit margin and commitment fee have been improved.
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Royal BAM Group nv considers the information in this press release to be share price sensitive.
Royal BAM Group NV published this content on 29 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 November 2016 14:28:03 UTC.
Original documenthttp://www.bam.com/en/press/press-releases/bam-renews-revolving-credit-facility-on-improved-terms-into-2022?position=0&list=8Pb-xlIlWUb0795eDWPiHL37_2lWctFw752S6jmcH1I
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