Refinancing of Revolving Credit Facilities
Wereldhave N.V. refinanced its 2017 syndicated Revolving Credit Facility (‘RCF’) with a brand new 5 12 months € 225m syndicated sustainability-linked RCF, pushing out the maturity to This autumn 2027. The new facility options sustainability-linked key efficiency indicators.
The lenders within the facility are ABN AMRO Bank, ING Bank and Rabobank.
ABN AMRO Bank acted as Documentation Agent and Sustainability Coordinator on this transaction, ING Bank is the Facility Agent. Freshfields Bruckhaus Deringer suggested Wereldhave on the transaction.
Furthermore, Wereldhave has reached settlement with ABN AMRO Bank to refinance its secured € 80m Green RCF maturing Q3 2024 with a brand new unsecured € 50m RCF maturing in This autumn 2027.
As a consequence, the mortgage guide is absolutely unsecured and Wereldhave greater than doubles the group’s weighted common time period of the (merely undrawn) revolving credit score services, totaling € 385m, to 4.5 years.
Dennis de Vreede, CFO at Wereldhave feedback: “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 adjustments
As from 15 December 2022, Mrs. Françoise Dechesne will grow to be the brand new Chair of the Supervisory Board of Wereldhave N.V. Mr. Adriaan Nühn, who at present chairs the Supervisory Board of Wereldhave N.V., has determined to retire from the Board for private causes, with impact from the identical date. The Board of Management and the members of the Supervisory Board remorse to see Adriaan Nühn depart, however respect his private choice. Wereldhave wish to categorical its gratitude in the direction of Adriaan Nühn for the 5 and a half years of chairmanship, through which he guided Wereldhave by means of a troublesome transformation.
A seek for a brand new Supervisory Board member has in the meantime been began.
- 20-11-2022 PR – Wereldhave announces refinancing of Revolving Credit Facilities and Supervisory Board adjustments
