27-12-2012 — /europawire.eu/ — Today (21.12.2012), Marel is pleased to announce that it signed an amend & extend of its current long-term financing entered into in November 2010, originally in the amount of EUR 350 million.
A consortium of international banks: ABN AMRO, Friesland Bank, ING Bank, Landsbankinn, LB Lux and Rabobank agreed to amend the terms of the original credit facilities with effective date on 31 December 2012. While the terms and conditions generally remain in line with Loan Market Association (LMA) corporate standards, the key amendments are:
Erik Kaman, CFO:
“We are very satisfied with the financing structure of Marel agreed in 2010 and the bank consortium supporting it. Now we have amended the facility on favourable terms to an all senior structure and prolonged the facilities by one year. This will allow us to further reduce interest costs and support the company‘s long term strategy and goals. “
For further information, please contact:
Helga Björk Eiriksdottir, Investor and Public Relations Manager,
Helga.eiriksdottir@marel.com, tel: (+354) 563-8453
About Marel
Marel is the leading global provider of advanced equipment, systems and services to the fish, meat and poultry industries. With offices and subsidiaries in more than 30 countries and a global network of more than 100 agents and distributors, we work side-by-side with our customers to extend the boundaries of food processing performance. Advance with Marel for all your processing needs.
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PRESS CONTACT
Helga Bjork Eiriksdottir
Investor and Public Relations Manager
E-mail:
helga.eiriksdottir@marel.com
Tel.: +354 563 8543
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