Capital/Financing Update • Apr 7, 2009
Capital/Financing Update
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1 April 2009 – Today, Qurius announced that it has reached an agreement to re-schedule certain terms and conditions of the existing Euro 17.5 million credit facility. In the second half year of 2008, Qurius was unable to meet all financial covenants, more in particular certain covenants based on EBITDA ratios could not be met. After a process in which we have closely monitored this situation with our lender, Qurius has reached an agreement on re-scheduling debt amortization and adjustment of the financial covenants for 2009, while a structural long term solution for redemption is being put in place.
Qurius provides architecture, realisation and systems management of Microsoft technology based business and IT solutions, including infrastructures. Qurius has over 1,000 staff members and is headquartered in Zaltbommel, the Netherlands. Its offices in Belgium, Denmark, Germany, Italy, the Netherlands, Norway, Spain, Sweden and the United Kingdom serve over 2,800 clients. Qurius has been publicly listed on Euronext Amsterdam since 1998 and is included in the AScX-index. Currently Qurius has 105,432,619 listed shares. Qurius was recognised by Microsoft as the 2007 global Microsoft Dynamics Partner of the Year. For more information, visit www.qurius.com.
Qurius, Suzanne Schaapman, Investor Relations Manager: t. +31 (0)418 683500 or [email protected]
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