Arcadis refinances $115 million bank debt with term loan due 2019

By Marisa Wong

Madison, Wis., June 17 – Arcadis NV announced that it completed the refinancing of $40 million of debt maturing in June 2014 and $75 million of debt originally scheduled to mature in January 2015 through a syndicate of existing banks.

Both tranches have been refinanced with a new $115 million term loan due June 2019, according to a press release.

Further financial details were not disclosed.

“The timing is right for refinancing at good rates, so we have taken the opportunity to do so while at the same time extending the maturity profile of our debt,” Renier Vree, chief financial officer for Arcadis, said in the release.

Arcadis is a global engineering and consultancy firm based in Amsterdam.

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