NSI N.V. (NSI) has refinanced its full outstandings with Deutsche Bank. The in 2012 and 2013 maturing debt of 121 million in total has been extended until 2015 and 2016.
NSI has now virtually covered its 2012 maturities. The discussion on refinancing of the remaining 2% maturing debt in 2012 is in progress. The arrangement covers 19% of NSI's 2013 refinancing requirements.
Daniël van Dongen, NSI's CFO: "Extending the average duration of our loan portfolio and addressing upcoming maturities well before expiration is one of our key priorities. I am pleased that we can announce another significant refinancing arrangement, this time with Deutsche bank, a longstanding financing partner.
"In total, NSI managed to refinance 40% of its total outstanding Dutch debt of 863 million in only six months' time, advancing the remaining average maturity of our loan portfolio to 2.7 years."
Source: NSI N.V
