2013-03-20 07:34:55 -
Gouda - Royal Imtech N.V. (IM-AE, technical services provision in and outside
Europe) has reached agreement with its main financiers (including the holders of
unsecured senior notes and its largest guarantee providers) on the provisional
continuation of their current outstanding facilities. As a result, the
previously announced financial restructuring of the Imtech Group is on track.
Hans Turkesteen, CFO Imtech: 'The agreement announced today means the financiers
will, under conditions customary in these circumstances, continue to make their
current facilities available. In addition, the remaining 200 million euro of the
500 million euro bridge loan announced on 27 February 2013 will now also become
available to the Company. This agreement gives an important signal to our
customers, suppliers, employees and shareholders.'
Once the financial statements 2012 have been published, Imtech anticipates
that
it will be able to implement the following phase of its financial restructuring.
In the meantime, as was announced on 27 February, the rights issue of 500
million euro, guaranteed by means of a volume underwriting commitment under
customary conditions, is being prepared. Imtech intends to finalise the rights
issue in the summer of 2013. As previously announced, Imtech aims to achieve an
average net debt/EBITDA ratio of 1.5 - 2.0.
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More information
Media: Analysts & investors:
Pieter Koenders Jeroen Leenaers
Director Group Communications Director Investor Relations
T: +31 655 74 65 85 / +31 182 54 35 53 T: +31 182 543 504
E:
pieter.koenders@imtech.com E:
jeroen.leenaers@imtech.com
www.imtech.com www.imtech.com
Imtech profile
Royal Imtech N.V. is a European technical services provider in the fields of
electrical solutions, ICT (information and communication technology) and
mechanical solutions. With 29,000 employees, Imtech achieves annual revenue of
more than 5.1 billion euro. Imtech holds strong positions in the buildings and
industry markets in the Netherlands, Belgium, Luxembourg, Germany, Austria,
Eastern Europe, Sweden, Norway, Finland, the UK, Ireland, Turkey and Spain, the
European markets of ICT and Traffic as well as in the global marine market. In
total Imtech serves 24,000 customers. Imtech offers added value with integrated
and multidisciplinary total solutions that lead to better business processes and
more efficiency for customers and the customers they, in their turn, serve.
Imtech also offers solutions that contribute towards a sustainable society - for
example, in the areas of energy, the environment, water and traffic. Imtech
shares are listed on the NYSE Euronext Amsterdam, where Imtech is included in
the AEX Index. Imtech shares are also included in the Dow Jones STOXX 600 index.
Pdf: Imtech Press Release:
hugin.info/130755/R/1686564/552929.pdf
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Source: Imtech via Thomson Reuters ONE
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