EVS secures EUR 24 million financing over 7 years for its new headquarter and innovation center in Liege
November 14 2013 - 6:04AM
Publication on November 14,
2013, 12.00pm CET
EVS Broadcast Equipment S.A.: Euronext Brussels
(EVS.BR), Bloomberg (EVS BB), Reuters (EVSB.BR)
EVS secures EUR 24 million financing over 7 years for its new
headquarter and innovation center in Liege
Liege, Belgium, November 14, 2013 - EVS Broadcast Equipment, the leading provider of live
video production systems, today announces it has secured the
long-term financing of its new headquarter and innovation centre in
Liège.
As part of its long-term
evolution, EVS is strengthening its Research and Development and
its overall organization by preparing the gathering of all its
Liège based employees in a new centralized
facility. As a consequence of the rapid growth over the
last years, more than 315 staff are currently split over 6
different buildings on the Liege Science Park, which is not optimal
for a predominantly software development and big systems
integration company.
The new facility (around 20.000
square meters) is divided into 6 levels, out of which 3 are fully
dedicated to innovation and project development where big systems
are not only developed but also assembled and tested before being
shipped across the globe. The global budget approximates EUR 45
million, after deducting ERDF (European Regional Development Fund)
subsidies granted by the Walloon Region. The works started in
autumn 2011 and shall be completed in autumn
2014. By the end of September 2013, EUR 25.7 million have
been already invested (less EUR 3.5 million of subsidies booked at
the same date). This amount has been funded by strong organic cash
generation while a bit less than half of the project value will be
financed through financial debt.
As part of this major project, EVS
has signed today in Liege a EUR 24 million
credit facility with a consortium of 3 major banks over 7
years: European Investment Bank (50%, EUR 12 million), ING Belgium
(25%, EUR 6 million) and BNP Paribas Fortis (25%, EUR 6
million). The first drawdown of EUR 8 million shall happen by the
end of November. The first repayment is planned early 2015 and the
last repayment shall occur in 2020.
Pim van Ballekom, EIB's Vice-President, said on the occasion of
signature: "The Growth Finance Initiative allows us to provide
tailor-made financing solutions to companies that invest above
industry average in RDI-intensive sectors. With its strong focus on
research, development and innovation, EVS is an ideal candidate for
this new financial instrument".
"BNP Paribas Fortis is very happy
to be able to co-finance the development of a company such as EVS,
flagship of the Belgian dynamism. More than ever, BNP Paribas
Fortis wants to be the key partner of entrepreneurs, in Belgium and
in the 80 countries where BNP Paribas is present," said Benoit
Mélot, Area Manager (Liège-Namur-Luxembourg) Commercial Banking at
BNP Paribas Fortis.
Sébastien D'Hondt, Head of
ING Corporate Clients Belgium added:
"ING Belgium is proud to contribute to the long term financing of
EVS, through its new headquarter project, and to support the
company, that we consider as a real Belgian technological flagship,
in its future growth. Being present for our business clients and
supporting them with their good projects in society is an important
role that is key for us".
Joop Janssen, EVS' Chief Executive Officer: "We are very happy
to have this consortium to finance our ambitious vision, in
particular the new state-of-the-art headquarters which will enable
us to improve internal communication and interaction within the
company".
Jacques Galloy, EVS' Chief Finance Officer: "We have identified
EIB, ING and BNP as financial partners for accompanying our
developments through this EUR 24 million senior debt. They have a
good understanding of our business, risks and potential. They have
been faithful partners to our group over the last decade, amongst
other with the EUR 150 million financing late 2008 of our 40%
affiliate dcinex, leader in pan-European Digital Cinema
infrastructure deployment".
For more information, please contact:
Joop JANSSEN, Managing Director & CEO
Jacques GALLOY, Director & CFO
Geoffroy d'OULTREMONT, Vice President Investor Relations
& Corporate Communication
EVS Broadcast Equipment S.A., Liege Science Park, 16 rue du Bois
Saint-Jean, B-4102 Seraing, Belgium
Tel: +32 4 361 70 14. E-mail:corpcom@evs.com;
www.evs.com |
Forward Looking Statements
This press release contains forward-looking statements with respect
to the business, financial condition, and results of operations of
EVS and its affiliates. These statements are based on the current
expectations or beliefs of EVS's management and are subject to a
number of risks and uncertainties that could cause actual results
or performance of the Company to differ materially from those
contemplated in such forward-looking statements. These risks and
uncertainties relate to changes in technology and market
requirements, the company's concentration on one industry, decline
in demand for the company's products and those of its affiliates,
inability to timely develop and introduce new technologies,
products and applications, and loss of market share and pressure on
pricing resulting from competition which could cause the actual
results or performance of the company to differ materially from
those contemplated in such forward-looking statements. EVS
undertakes no obligation to publicly release any revisions to these
forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated
events. |
About
EVS
EVS provides its customers with reliable and innovative technology
to enable the production of live, enriched video programming,
allowing them to work more efficiently and boost their revenue
streams. Its industry-leading broadcast and media production
systems are used by broadcasters, production companies,
post-production facilities, film studios, content owners and
archive libraries around the globe. It spans four key markets -
Sports, Entertainment, News and Media.
Founded in 1994, its innovative Live Slow Motion system
revolutionized live broadcasting. Its reliable and integrated
tapeless solutions, based around its market-leading XT server
range, are now widely used to deliver live productions worldwide.
Today, it continues to develop practical innovations, such as its
C-Cast second-screen delivery platform, to help customers maximize
the value of their media content.
The company is headquartered in Belgium and has offices in Europe,
the Middle East, Asia and North America. Approximately 482 EVS
professionals from 20 offices are selling its branded products in
over 100 countries, and provide customer support globally. EVS is a
public company traded on Euronext Brussels: EVS, ISIN:
BE0003820371. For more information, please visit
www.evs.com.
dcinex, of which EVS owns 41.3%, is the European leader for Digital
Cinema technology and services in Europe with more than 5,500
committed digital screens in Europe, out of which 3,700 have
already been deployed. www.dcinex.com. |
Press release in pdf format
Press release EIB
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other applicable laws; and
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originality of the
information contained therein.
Source: EVS Broadcast Equipment via Thomson Reuters
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