Etex signs a EUR 600 million Multicurrency Revolving Credit Facility - 20/11/2018

Press releaseBNP Paribas Fortis, ING Bank NV and KBC Bank NV were mandated by Etex NV (the “Company” or “Etex”) to arrange a EUR 600,000,000 Multicurrency Revolving Credit Facility (the “Facility”) on its behalf. The Facility will be used for general corporate purposes, including the refinancing of the Company’s existing EUR 600,000,000 facility originally dated 5 August 2011, as amended and restated in 2014.

The Revolving Credit Facility will have a tenor of 5 years and includes two one-year extension options. The deal was well received by banks and achieved strong oversubscription. It was signed on 11 October 2018. 

The syndicate is made up of 12 banks, including one new bank compared to the Company’s existing EUR 600,000,000 facility, with the following titles:

Coordinating Bookrunning Mandated Lead Arrangers

  • BNP Paribas Fortis SA/NV (Facility Agent)
  • ING Belgium SA/NV
  • KBC Bank NV

Bookrunning Mandated Lead Arrangers

  • Commerzbank Aktiengesellschaft, Luxembourg Branch
  • Crédit Agricole, Corporate and Investment Bank, Belgian Branch
  • Crédit Lyonnais SA
  • HSBC Bank Plc
  • Unicredit Bank Ag

Mandated Lead Arranger

  • Belfius Bank NV

Lead Arrangers

  • Banco Santander SA, Paris Branch
  • Banco Bilbao Vizcaya Argentaria SA, Belgian Branch
  • Landesbank Hessen-Thüringen Girozentrale

 

Download the press release (pdf 71 kB)

 

Back to news overview