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Fugro N.V. — Capital/Financing Update 2011
Aug 8, 2011
3845_iss_2011-08-08_71c5a8bb-6a88-4eba-a7b5-2678115378fb.pdf
Capital/Financing Update
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PRESS RELEASE
Leidschendam, the Netherlands, 8 August 2011
Fugro secures long term financing
Fugro has reached agreement with 27 US and UK investors with respect to new US Private Placement loans to a total amount of USD 909 million equivalent.
The loans are denominated in US Dollars (750 million), British Pounds (67.5 million) and Euros (35 million) and have an average coupon of 4.5%. The maturity of the loans is split up in blocks of 7, 10 and 12 years.
Fugro is also finalising the documentation for the agreement reached at the end of June with its banks to prolong the committed bilateral bank facilities. Also two international banks have been added to the group of banks. The total committed amount is EUR 725 million with an interest rate of Euribor + 130 bps and has a maturity of 5 years.
For further information: Fugro N.V. K.S. Wester, President and CEO Telephone + 31 70 311 11 12
Fugro collects, processes and interprets data related to the earth's surface and soil composition and provides advice based on the results. As an extension to these activities, Fugro provides services such as precise positioning, construction materials testing, reservoir engineering and data management. Fugro's operations have been organised into three divisions: Geotechnical, Survey and Geoscience. Fugro is listed on Euronext Amsterdam and is included in the AEX-Index. Fugro has approximately 13,500 employees in more than fifty countries.