Banking Consortium strengthens financial structure of Losberger De Boer to enable further integration and profitable growth path.
Losberger De Boer has reached an agreement with its Banking Consortium on the reinforcement of its financial structure. The refinancing agreement as now executed entails new facilities being made available to the Group for cash and guarantees whilst in parallel, a relief in the current bank debt will be granted.
Arnout de Hair, CEO Losberger De Boer, is pleased with the agreement. “Together with our banks we have created a solid financial structure, reduced our financing costs and have been provided with sufficient headroom to execute our company-wide improvement and integration programme. This agreement reflects the support and belief of the banks in our strategy. Losberger De Boer has now a solid base to continue implementing its strategic programme and to capitalize on its opportunities for further growth.”