Ordina successfully completes refinancing
19 Mai 2015 - 6:00PM
Nieuwegein, 19 May 2015
Ordina has agreed a new financing facility of EUR 30 million under
more favourable conditions:
- The margin has been cut to 1.00%, compared to the
margin of 2.25% - 3.75%, depending on the leverage ratio, for the
previous facility;
- The covenant related to the ratio of net debt to
corrected EBITDA has been relaxed;
- The financing has a term of five years with an
initial term of three years and an option to extend twice for a
period of one year.
The revolving facility has been fully committed by
ABN AMRO and ING and replaces the previous facility of EUR 35
million extended by ABN AMRO, ING and NIBC, which was due to expire
in November 2016. ABN AMRO acted as lead arranger for the
facility.
Ordina will provide further details of the new facility in its
interim report.
# # #
ABOUT
ORDINA
Ordina is the largest independent IT services provider in the
Benelux, with more than 2,900 employees. We design, build and
maintain IT solutions for organisations in the public sector, in
financial services, industry and the healthcare sector. We aim to
design IT solutions that help people, IT that matters and that is
produced without wasting precious resources. We do this by forging
Partnerships in Sustainable Innovation with our
clients.
Ordina was founded in 1973. The company's shares have been listed
on the NYSE Euronext Amsterdam since 1987 and are included in the
Small Cap Index (AScX). In 2014, Ordina recorded turnover of EUR
367 million. For more information visit the company's website at
www.ordina.com.
For more
information:
Media:
Annemieke den Otter, Investor Relations
Mail: annemieke.den.otter@ordina.nl
Telephone: +31 (0)30 663 7468
Jeroen Hellenberg, Communications
Mail: jeroen.hellenberg@ordina.nl
Telephone: +31 (0)30 663 8557
This document contains pronouncements forecasting the future
financial performance of Ordina N.V. and outlines certain plans,
targets and ambitions based on current insights. Obviously, such
forecasts are not without risk; they entail a relative degree of
uncertainty since no guarantees exist on future circumstances.
There are many factors that could potentially affect the actual
performance and forecasts, causing them to deviate from the
situation described in this document. Such factors include: general
economic trends, the pace of the globalisation of the solutions, IT
and consulting markets, the growing number of projects with
responsibility for deliverables, scarcity on the labour market, and
future acquisitions and disposals.
Ordina successfully completes
refinancing
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Ordina via Globenewswire
HUG#1922450
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