BAM extends existing credit facilities until 2018

16 December 2015 15:33 - Royal BAM Group nv
BAM extends existing credit facilities until 2018

Bunnik, the Netherlands, 16 December 2015 – Royal BAM Group nv has reached agreement with two bank syndicates on the extension of the existing revolving credit facility to an amount of €412.5 million until 30 January 2018 and on the extension of the existing subordinated loan to an amount of €108 million until 30 July 2018. The previously agreed bank covenants remain unchanged.

Because of its improved liquidity position BAM can use slightly lower facilities and thus save on the commitment fees.

All parameters for the revolving credit facility, such as margins, remain unchanged. For the subordinated loan, margins remain unchanged until 30 July 2017, and thereafter they increase until 30 July 2018 by 150 basis points. The penalty that was applicable in case of the early repayment of the subordinated loan, was cancelled.

Further information:

  • press: Arno C. Pronk, +31 (0)30 659 86 23;
  • analysts: Joost van Galen, +31 (0)30 659 87 07.