On the 18th October 2005, KFN Holding B.V. signed a 1+1+5 year 200 million Revolving Credit Facility with seven international banks. The facility has an extension option in year one and in year two and a minimum term of 5 years. The facility will be used to refinance and increase the 150 mln facility which was signed in December 2004.
Michiel Olland (CFO KFN): "We are pleased to see that our relationship banks agreed with the new terms and conditions of this Revolving Credit Facility, which is in line with the present market conditions. The new facility enables us to even further reduce interest expenses in the coming years, resulting in improved returns for the shareholder."
ABN AMRO Bank, ING Real Estate Finance NV and NIB Capital Bank NV acted as joint Mandated Lead Arrangers. ABN AMRO was appointed Bookrunner, Facility Agent and Sole Coordinator.
The other syndicate banks were Banque LBLux SA, Eurohypo AG, Lloyds TSB Bank plc and WestLB AG, who participated as arrangers.
Source: KFN
