TKH agrees new committed credit facility

Technology company TKH Group N.V. (“TKH”) announces today that it has agreed a new committed credit facility of € 350 million with the existing bank group.

The new credit facility replaces the previous committed credit facility (also € 350 million), set to expire October 2018 but terminated prematurely at the initiative of TKH.

The new facility has a maturity of 5 years, with options to extend for 2 times one year, making the entire term potentially 7 years. With the new facility, TKH benefits from the favourable market conditions and its improved credit rating.

The new facility has the same financial covenant for debt leverage as the previous facility, namely a maximum ratio of 3.0. The interest coverage ratio is no longer applicable. In the new credit facility the financial expenses will be lower.