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News 04.07.2016

Refresco Increases And Extends Its Existing Syndicated Loan Facility

The new unsecured syndicated term loan facility, which was signed on July 1, 2016, refinances the existing Û672 million syndicated facilities which…

Rotterdam, the Netherlands – Refresco Group N.V. (Euronext Amsterdam: RFRG), the leading European bottler of soft drinks and fruit juices for retailers and A-brand owners, today announces that it has increased and extended the existing unsecured syndicated term loan facility. The refinancing will enhance Refresco's financial position to continue the execution of its buy and build strategy whilst keeping a healthy balance sheet.

The new unsecured syndicated term loan facility, which was signed on July 1, 2016, refinances the existing €672 million syndicated facilities which were arranged in April 2015. The aggregate size of the facilities, which consist of a term loan facility and a revolving facility, is increased with €200 million to a total of €872 million and will now mature in July 2021. Similar to the previous agreement the size of the revolving credit facility amounts to €150 million.

The refinancing was subscribed to by a group of existing and new international banks. The new syndicate consists of ABN AMRO (Coordinator), BNP Paribas, Commerzbank, Fifth Third Bank, HSBC, Mizuho Bank, Rabobank, Société Générale and Bank of Tokyo-Mitsubishi.

The unsecured syndicated term loan is expected to be used for the refinancing of the acquisition of DIS, working capital, capital expenditures, future acquisitions, and other corporate purposes.

CEO Refresco, Hans Roelofs: "We are pleased to have arranged this financing with such a high profile group of nine international banks, combining existing and new lenders to Refresco. The extended facility shows their continued support in the further execution of our strategy."

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