Imtech: Further update on discussions with financiers
August 04 2015 - 2:03AM
Further to its press release of 28
July last, Royal Imtech provides a further update on the discussion
with its financiers.
As announced on 28 July last,
Imtech and its financiers are in an ongoing dialogue about all
possible long term structural solutions and about an amendment to
the financing arrangements including an increase in liquidity
headroom of €75 million for the group and its subsidiaries, by
utilising a portion of its available guarantee headroom to
facilitate such liquidity facility until the end of December 2015
in two tranches of €37.5 million.
Over the last days it has become
clear that in light of requirements of German law, in addition to
the existing commitments of Royal Imtech towards Imtech Germany, in
the short term additional commitments have to be made vis-a-vis
Imtech Germany. This is being discussed with financiers with a view
to amend the proposal and the apportionment of the liquidity
headroom mentioned above on behalf of Imtech Germany.
These discussions are ongoing and
Imtech will update the markets in due course.
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 54 35 04
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, automation and mechanical solutions. With
approximately 22,000 employees, Imtech holds attractive positions
in the buildings and industry markets in the Netherlands, Belgium,
Luxembourg, Germany, Eastern Europe, Sweden, Norway, Finland, the
UK, Ireland and Spain, the European market of Traffic as well as in
the global marine market. 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 Euronext Amsterdam.
PDF: Press Release
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Imtech via Globenewswire
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