Wereldhave announces refinancing of Revolving Credit Facilities and Supervisory Board changes
20 Oktober 2022 - 7:00AM
Wereldhave announces refinancing of Revolving Credit Facilities and
Supervisory Board changes
Refinancing of Revolving Credit FacilitiesWereldhave N.V.
refinanced its 2017 syndicated Revolving Credit Facility (‘RCF’)
with a new five year € 225m syndicated sustainability-linked RCF,
pushing out the maturity to Q4 2027. The new facility features
sustainability-linked key performance indicators.
The lenders in the facility are ABN AMRO Bank, ING Bank and
Rabobank.ABN AMRO Bank acted as Documentation Agent and
Sustainability Coordinator in this transaction, ING Bank is the
Facility Agent. Freshfields Bruckhaus Deringer advised Wereldhave
on the transaction.
Furthermore, Wereldhave has reached agreement with ABN AMRO Bank
to refinance its secured € 80m Green RCF maturing Q3 2024 with a
new unsecured € 50m RCF maturing in Q4 2027. As a result, the loan
book is fully unsecured and Wereldhave more than doubles the
group’s weighted average term of the (merely undrawn) revolving
credit facilities, totaling € 385m, to 4.5 years.
Dennis de Vreede, CFO at Wereldhave comments: “We are proud of
our expanded partnership with ABN AMRO Bank, ING Bank and Rabobank.
After strengthening our balance sheet whilst refinancing our credit
facilities, Wereldhave is in a better than ever position to keep
delivering on our LifeCentral transformation strategy.”
Supervisory Board changes As from 15 December 2022, Mrs.
Françoise Dechesne will become the new Chair of the Supervisory
Board of Wereldhave N.V. Mr. Adriaan Nühn, who currently chairs the
Supervisory Board of Wereldhave N.V., has decided to retire from
the Board for personal reasons, with effect from the same date. The
Board of Management and the members of the Supervisory Board regret
to see Adriaan Nühn leave, but respect his personal decision.
Wereldhave would like to express its gratitude towards Adriaan Nühn
for the five and a half years of chairmanship, in which he guided
Wereldhave through a difficult transformation. A search for a new
Supervisory Board member has meanwhile been started.
- 20-11-2022 PR - Wereldhave announces refinancing of Revolving
Credit Facilities and Supervisory Board changes
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