Marel is pleased to announce that it has secured an amendment and extension of its current long term financing.
The financing is provided by a consortium of five international banks that have agreed to extend maturity by one year.
- The facility is extended with final maturity in November 2017.
- The facility was originally entered into in November 2010, with total amount of EUR 350 million.
- The consortium consists of ABN Amro, ING Bank, Landsbankinn, LB Lux and Rabobank.
- Current interest terms are EURIBOR/LIBOR + 250 bps for the facility depending on leverage.
The amendment and extension gives Marel additional flexibility to support the company’s long term strategy.