Greenyard announces €420 million refinancing agreement

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The multinational agri-food company recently announced a new financing agreement of 420 million euros.

The contract consists of a €220 million senior secured A term loan and a €200 million senior secured revolving line of credit with a syndicate of banks, comprised of existing and new lenders. lenders.

The total amount gives Greenyard room for growth over the five-year term of the loans.

It also helps to ensure financial stability in an uncertain macroeconomic and geopolitical environment to execute its 2030 Strategy.

At closing, proceeds will be used to refinance existing loans. A significant part of the floating debt rate was pre-hedged, already before the summer.

Geert Peeters, CFO of Greenyard, said: “We are delighted to see the confidence of our banks, existing and new, in the future of this company.”

Peeters explained: “We believe that fruits and vegetables are at the heart of current consumer trends. They are at the heart of healthy and sustainable food, and together with Greenyard, we play an important role in delivering these products to consumers around the world”.

“We are delighted to have smoothly closed this refinancing and ensured the financial stability of our journey over the next five years,” assured the executive.

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