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Fugro announces launch of EUR 500 million senior secured notes

Fugro N.V., hereinafter the “Company“ or “Fugro“, announces that it has launched an offering (the “Offering“) of euro-denominated senior secured notes due 2025, in an aggregate principal amount of EUR 500 million.

21 Feb 2020   14:20 CET
Leidschendam, the Netherlands

Fugro intends to use the proceeds from the Offering, along with the EUR 81.8 million proceeds from the issuance of new shares announced 19 February 2020, proceeds from recent divestments and cash on the balance sheet, to repay in full the current EUR 575 million Revolving Credit Facility, to buy back any and all of the EUR 190 million Convertible Bonds due 2021, as announced on 19 February 2020, to pay various fees, expenses and costs related to the Offering, including accrued interest and premium on the debt being repaid. There can be no assurance that the Offering, the repayment or the buyback (both as described above) will be completed.

For more information

Media

Edward Legierse
Contact

+31 (0) 70 31 11147

Investors

Catrien van Buttingha Wichers
Contact

+31 (0) 70 31 15335

 

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