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June 16, 2022

Ameropa Announces Closing of Upsized $1.1 Billion Revolving Credit Facility

Binningen, Switzerland - AMS Ameropa Marketing and Sales AG, a fully owned subsidiary of Ameropa, today announced completing the full refinancing of its USD 750 Million Revolving Credit Facility, for an amount of USD 1.1 billion.
 
The refinancing process was launched earlier this year and gained strong support from the company’s relationship banks as well as several new banks. As the facility was significantly oversubscribed, the company decided to increase the facility amount to USD 1.1 billion.  
 
The Facility was led by Coöperative Rabobank U.A., ING Bank N.V. and UniCredit Bank AG as Active Original Bookrunners & Mandated Lead Arrangers. The Facility will be used for working capital, with ING Bank N.V. acting as Facility Agent and UniCredit Bank AG as Security Agent.
 
The new facility amount, largely committed, is distributed across three tranches:
Tranche A: a 364-days uncommitted USD 138 million Facility with 3x 364 days extension possible at lenders’ discretion
Tranche B: a 364-days committed USD 343 million Facility with 3x 364 days extension possible at lenders’ discretion
Tranche C: a 3-years committed USD 619 million Facility with 1x 364 days extension possible at lenders’ discretion
 
The Active Original Bookrunners & Mandated Lead Arrangers were joined by

  • Bookrunners & Mandated Lead Arrangers: Credit Suisse (Switzerland) Ltd, Commerzbank Aktiengesellschaft, Raiffeisen Bank International AG and Natixis
  • Mandated Lead Arrangers: Société Générale, Erste Group Bank AG, HSBC Trinkaus & Burkhardt GmbH, Bank of China Geneva Branch, CA Indosuez (Switzerland) SA and Landesbank Hessen-Thüringen Girozentrale
  • Lead Arrangers: GarantiBank International N.V. and Zürcher Kantonalbank
  • Arrangers: Basellandschaftliche Kantonalbank, Basler Kantonalbank, KBC Bank NV, Banque Cantonale Vaudoise, Arab Banking Corporation S.A., AKA Ausfuhrkredit-Gesellschaft mbH and DZ Bank AG

 
Laurent Bogaert, Chief Financial Officer of Ameropa, said: "The success of the syndication underscores once again the very robust relationships we enjoy with the banking community. It also signals banks’ strong support for our strategy, our sound operating model and our talented teams. It is a testament to our solid performance".
William Dujardin, Ameropa Group CEO, added: "Ameropa’s main credit facility has practically doubled in the last 2 years. This continued and increased support from our banking partners testifies to our ability to navigate very complex and volatile markets thanks to our strong teams, unique footprint and great customers across the world. It allows us to continue delivering on a mission made even more essential in the troubled times we currently face: helping feed the world."



About Ameropa:
Ameropa is a Swiss-based agri-business group founded in 1948 with world-wide activities that span the full supply chain, ranging from production, to logistics and merchandising, to distribution. A core activity of the group is the global merchandising and distribution of fertilizer and food & feed products, supported and enabled by complementary assets, such as silos, warehouses and port facilities, as well as upstream assets such as fertilizer production plants. Active in more than 30 countries, the group is the largest exporter of grains out of the Danube region and the largest independent global fertilizer trader, which selectively invests in logistical and processing assets.
   
For more information, please visit www.ameropa.com or call Ameropa on +41.61.307.50.69

 

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