September 21, 2020
Signify announces a debt prepayment of EUR 350 million to reduce its overall gross debt position
Eindhoven, the Netherlands - Signify, (Euronext: LIGHT), the world leader in lighting, today announced that it has given a notice of prepayment for a principal amount of EUR 350 million of its term loan debt facilities.
The deleveraging supports our overall commitment to an investment grade credit rating and maintaining a robust financial framework, and implements our deleveraging prioritization as announced on January 31, 2020when publishing our full year 2019 results. The debt prepayment will be made on September 30, 2020 and executed against the EUR terms loans which had an initial maturity of January 2023.
As a result of this payment Signify's term loan debt facilities will consist of EUR 50 million and USD 275 million with a maturity of three years (January 2023) and EUR 340 million and USD 225 million with a maturity of five years (January 2025).
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For further information, please contact:
Signify Investor Relations
Tel: +31 6 1138 4609
Signify Corporate Communications
Elco van Groningen
Tel: +31 6 1086 5519
Signify(Euronext: LIGHT) is the world leader in lighting for professionals and consumers and lighting for the Internet of Things. Our Philipsproducts, Interactconnected lighting systems and data-enabled services, deliver business value and transform life in homes, buildings and public spaces. With 2019 sales of EUR 6.2 billion, we have approximately 36,000 employees and are present in over 70 countries.
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Signify NV published this content on 21 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2020 07:34:05 UTC