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Gamma Holding NV signs improved syndicated loan

Jun '05
Manufacturer of innovative textiles, Gamma Holding NV, active in the sectors Gamma Technologies and Gamma Comfort & Style, has signed a new credit facility with a syndicate of six banks, informs the company release.

The company say the facility, which matures in 2010, amounts to USD 120 million and EUR 165 million, together approximately EUR 265 million.

The new facility refinances Gamma Holding's syndicated loan from July 2002 on substantially improved terms and conditions.

The international bank syndicate consists of ABN AMRO, Fortis, ING Bank, Rabobank, Dresdner Bank and Bank of Scotland.

Besides refinancing existing credit lines Gamma Holding will use the proceeds of this loan to finance the intended autonomous growth in combination with additional acquisitions.

Headquartered in Helmond (The Netherlands), Gamma Holding develops, manufactures and sells innovative, high-quality textile-based products throughout the world. It has presence in 36 countries, where 9,072 employees are active. Shares of the company are listed on Euronext Amsterdam.

Gamma Holding comprises two sectors, Gamma Technologies and Gamma Comfort & Style. These are made up of seven business units specialising in belting, filtration, coatings and composites, sailcloth, mattress ticking, car fabrics and exotic fabrics. With these products the company is a leading global player in its selected niche markets.

Gamma Holding NV

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