EUR 500M FOR TESSENDERLO
[BIZ: Tessenderlo, March 2] The following banks participated in the transaction: BNP Paribas Fortis, ING Bank, and KBC Bank (together the Book running Mandated Lead Arrangers), Crédit Agricole Corporate and Investment Bank and Groupe BPCE/Natixis (as Mandated Lead Arrangers), Banque LBLux, Dexia Bank Belgium, Commerzbank, Banco do Brasil, Development Bank of Singapore, Industrial and Commercial Bank of China, Deutsche Bank, BRED Banque Populaire, Banca Monte Paschi Belgio, and Caisse d’Epargne Nord France Europe.
Tessenderlo Group has announced the successful closure of syndicated credit facilities with a group of leading international banks, for an aggregate amount of EUR 500m. This milestone represents the Group’s first syndicated loan transaction, and indicates the confidence of both existing and new relationship banks in the Group.
The committed syndicated facilities for EUR 500m have maturities up to three years. Following an oversubscription in syndication, the final facility amount was increased from launch amount of EUR 450m to EUR 500m. The proceeds of the facilities will be used for general corporate purposes.
Mel de Vogue, CFO of Tessenderlo Group: “We are very pleased to have completed this transaction. The syndicated facilities represent a new debt structure for the Group and support our business plan. I would also like to recognize the strong cooperation with our core banks, and the efforts of all involved to ensure this outcome.”
http://www.tessenderlogroup.com/