Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Business

Imtech: reaches agreement with its main financiers


Print article Print article
Copyright © Thomson Reuters 2013. All rights reserved.
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.                                        0-0-0-0-0-0-0-0-0 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 This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Imtech via Thomson Reuters ONE [HUG#1686564]


Press Information:




Contact Person:


Disclaimer: © 2013 Thomson Reuters. The press releases or report contained herein is protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Thomson Reuters's, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com | BidVertiser