Marel has secured an amendment and extension of its current long term financing
which includes an addition of a Junior facility of EUR 50 million. The changes
increase strategic and operational flexibility.
The financing is provided by a consortium of five international banks: ABN
AMRO, ING Bank, Landsbankinn, Bayern LB and Rabobank. The parties will
finalize the documentation in the upcoming weeks.
• The facility of EUR 350 million was originally entered into in November 2010;
the outstanding loan amounts to EUR 300 million at the beginning of 2015.
• The Senior facility is now extended with final maturity in November 2018.
• The Junior facility adds EUR 50 million maturing in February 2019.
• Current interest terms are EURIBOR/LIBOR + 250 bps for the Senior facility
and +500 bps for the Junior facility, changing in line with financial leverage.
Linda Jonsdottir CFO of Marel:
“Marel is grateful for the trust from our banking partners. The increased and
extended financing gives Marel strategic and operational flexibility to support
further growth and value creation.“