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Improved financing for Gamma Holding
26
Nov '10
Gamma Holding has reached agreement with ABN AMRO, ING and Rabobank on changes to the Company's existing loan facilities until March 2014.

The financing now available consists of three separate facilities in which the banks are participating equally:

- a facility of $ 125 million;

- a facility of € 70 million; and

- a multicurrency facility of € 100 million.

The changes will take effect from the beginning of December 2010 until March 2014. Furthermore, the financing may, with the consent of the banks, be extended for a maximum of two times one year until March 2015 and March 2016 respectively.

The changes to the facilities mean that the right of conversion from the original loan agreement which ran until July 2011 at the latest ceases to exist. Under that arrangement the banks were able, on certain conditions, to convert a portion of the original loan facilities into newly issued cumulative preference shares.

Gamma Holding N.V.


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