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13th June, 2023

Ameropa Extends $1.1 Billion Revolving Credit Facility

AMS Ameropa Marketing and Sales AG, a fully owned subsidiary of Ameropa, is pleased to announce the successful extension of its $1.1 billion Revolving Credit Facility (RCF) for an additional year.

The extension process received strong support from the 22 banks involved in the RCF, which was initially launched last year. Leading the Facility were Coöperatieve Rabobank U.A., ING Bank N.V., and UniCredit Bank AG, serving as Active Original Bookrunners & Mandated Lead Arrangers. The Facility is primarily utilized for working capital financing, with ING Bank N.V. acting as the Facility Agent and UniCredit Bank AG as the Security Agent.

The Facility amount, largely committed, is divided into three tranches:

  • Tranche A: An uncommitted USD 138 million Facility with a maturity of 364 days, extendable up to three times for an additional 364 days at the discretion of the lenders.
  • Tranche B: A committed USD 323 million Facility with a maturity of 364 days, extendable up to three times for an additional 364 days at the discretion of the lenders.
  • Tranche C: A committed USD 639 million Facility with a maturity of three years, extendable for an additional 364 days at the discretion of the lenders.

Joining the Active Original Bookrunners & Mandated Lead Arrangers in this endeavor were:

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.

Expressing his gratitude, Laurent Bogaert, Chief Financial Officer of Ameropa, stated, "The success of this transaction confirms the confidence our trusted banking partners have in Ameropa. We sincerely thank them for their unwavering support. Given the current market volatility, we are delighted to secure this extension, especially considering the largest tranche's three-year maturity."

William Dujardin, Ameropa Group CEO, added, "Despite the ongoing complexities in the markets we operate in, Ameropa continues to flourish, demonstrating the resilience of our teams, global presence, and approach across customers, geographies, and products. We extend our heartfelt appreciation to our banking partners for their consistent support in driving our success and enabling us to fulfill our mission to help feed the world."

 

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