Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for Royal Boskalis Westminster NV > News item |
Royal Boskalis Westminster refinances with new €500 million revolver
By Sarah Lizee
Olympia, Wash., April 14 – Royal Boskalis Westminster NV refinanced its revolving credit facility, providing for €500 million of committed bank financing until April 2025, according to a press release.
The new facility was coordinated by ING Bank and is provided by a syndicate of seven banks, including ABN Amro Bank, BNP Paribas, HSBC, ING Bank, MUFG, Rabobank and NatWest.
The company said the new five-year facility has improved terms compared to its previous revolver, which was due to mature in August 2021.
There is a €150 million accordion and two one-year extension options under the new revolver.
Boskalis, based in Papendrecht, the Netherlands, provides dredging, maritime infrastructure and maritime services.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.