Getronics has signed a new 3 year credit facility with ABNAMRO Bank N.V. ING Bank N.V., Rabobank and Barclays Bank PLC. The new credit facility of EUR 175 million consists of a EUR 100 Revolving Tranche for general corporate purposes and a EUR 75 million Term Tranche for acquisitions. The EUR 175 million facility will replace the existing EUR 100 million facility.
Getronics CEO Klaas Wagenaar comments: “The new credit facility provides the Company flexibility to pursue its strategic objectives. We will have sufficient cash headroom available for the normal course of business and will also be able to finance our growth strategy.”
ABNAMRO Bank, ING Bank N.V., Rabobank and Barclays Bank PLC are acting as Joint Mandated Lead Arrangers for this new facility. ABNAMRO Bank N.V. is acting as Co-ordinator and Barclays Bank PLC acts as Agent Bank.
About Getronics
With approximately 22,000 employees in over 30 countries and ongoing revenues of EUR 2.6 billion in 2003, Getronics is one of the world's leading providers of vendor independent Information and Communication Technology (ICT) solutions and services. Getronics today combines the capabilities of the original Dutch company with those of Wang Global, acquired in 1999, and of the systems and services division of Olivetti. Getronics is ranked second worldwide in network and desktop outsourcing and fourth worldwide in network consulting and integration (Source: IDC 2002-2003). Getronics designs, integrates and manages ICT infrastructures and business solutions for many of the world's largest global and local companies and organisations, helping them maximise the value of their information technology investments. Getronics headquarters are in Amsterdam, with regional offices in Boston, Madrid and Singapore. Getronics’ shares are traded on Euronext Amsterdam ("GTN"). For further information about Getronics, visit www.getronics.com
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