Nutreco has successfully amended its €500 million syndicated loan facility.
The maturity of this revolving credit facility has been extended from May 2014 to September 2017. In addition, the interest and fee conditions have been improved.
Gosse Boon, CFO and member of Nutreco's Executive Board: "The extension of the syndicated loan facility follows the successful issuance of a US$250 million private placement in July 2012, which together provide further support to the execution of our strategy 'Ambition 2016 - driving sustainable growth'. The transaction was well oversubscribed and has been closed with a newly formed syndicate of existing and new international relationship banks."