Capital/Financing Update • Feb 7, 2014
Capital/Financing Update
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PRESS RELEASE Rotterdam, 7 February 2014
Amsterdam Commodities N.V. ('Acomo') has signed new bank facilities for a total of € 250 million. The facilities will be utilized for working capital financing including acquisitions. The facilities replace existing credit facilities which would have matured in the years 2014 until 2017.
The conditions of the new facilities reflect Acomo's sound credit fundamentals. The facilities have a three year term with options for an additional two years and for an increase of 30% of the total amounts.
Jan ten Kate, CFO of Acomo: "We are very pleased with the sincere interest of banks to finance our group. We have further strengthened our financing structure by arranging long term debt financing at attractive conditions. The group has a very strong solvency position and liquidity position. These financial positions are essential for a trading company that focuses on growth."
Rabobank International and ING Bank acted as coordinator and mandated arrangers. HSBC Bank and Fifth Third Bank joined the syndicate of banks.
[end of press release]
Acomo, listed on NYSE Euronext Amsterdam, is an international group of companies active in the worldwide purchasing, processing and distribution of food commodities and ingredients for the food industry. The product range comprises more than 300 products including spices, nuts, dried fruits, tea, seeds (especially sunflower seeds) and natural food ingredients. The group buys and sells in more than 90 countries. Reliability and contract security are the leading factors in the relations with our suppliers, customers and other business partners.
For further information please contact: Amsterdam Commodities N.V. (Acomo) Mr. E. Rietkerk WTC, Beursplein 37, 10e etage Rotterdam info@acomo.nl
Tel. +31 10 4051195 Fax +31 10 4055094
www.acomo.nl
Creative Venue public relations Mr. F. Witte, company spokesman Sophialaan 43 1075 BM Amsterdam f.witte@creativevenue.nl
Tel. +31 20 4525225 Fax +31 20 4528650
www.creativevenue.nl
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