Fugro Secures Long-term Financing

Fugro has reached agreement with 27 US and UK investors with respect to new US Private Placement loans to a total amount of USD909 million equivalent. The loans are denominated in US Dollars (750 million), British Pounds (67.5 million) and Euros (35 million) and have an average coupon of 4.5%. The maturity of the loans is split up in blocks of 7, 10 and 12 years.  

 

Fugro is also finalising the documentation for the agreement reached at the end of June with its banks to prolong the committed bilateral bank facilities. Also two international banks have been added to the group of banks. The total committed amount is EUR725 million with an interest rate of Euribor + 130bps and has a maturity of 5 years.