Imtech: Covenant waiver extended, first testing date September 30th 2014
November 11 2013 - 1:00AM
As announced on November 7th 2013, Imtech is
currently engaging in a constructive dialogue with its most
important financiers regarding an amendment of its financing
agreements, including a covenant reset. This covenant reset is
required as a result of a slower than anticipated recovery of
Imtech's business, in particular in Germany. As part of these
discussions, Imtech's most important financiers have agreed to
extend the covenant holiday. Under the related financing agreements
the first covenant testing date was March 31st 2014. The newly
agreed first testing date is September 30th 2014.
Imtech expects to publish the reset covenants on
or before the publication of its annual results on March 18th
2014.
More
information
Media: |
Analysts &
investors: |
Dorien Wietsma
Director Corporate Communication & CSR
T: +31 182 54 35 53
E: dorien.wietsma@imtech.com
www.imtech.com |
Jeroen Leenaers
Director Investor Relations
T: +31 182 543 504
E: jeroen.leenaers@imtech.com
www.imtech.com |
Imtech
profile
Royal Imtech N.V. is a European technical
services provider in the fields of electrical solutions, ICT and
mechanical solutions. With approximately 29,000 employees, Imtech
is active attractive positions in the buildings and industry
markets in the Netherlands, Belgium, Luxembourg, Germany, Austria,
Eastern Europe, Sweden, Norway, Finland, the UK, Ireland, Turkey
and Spain, the European markets of ICT and Traffic as well as in
the global marine market. In total Imtech serves 24,000 customers.
Imtech offers integrated and multidisciplinary total solutions that
lead to better business processes and more efficiency for customers
and the customers they, in their turn, serve. Imtech also offers
solutions that contribute towards a sustainable society - for
example, in the areas of energy, the environment, water and
traffic. Imtech shares are listed on the NYSE Euronext Amsterdam,
where Imtech is included in the AEX Index.
PDF: Press Release
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