Boskalis Secures EUR 350 million Credit Facility
Royal Boskalis Westminster N.V. has secured a new €350 million credit facility. The main purpose of the new facility is to finance the reinforcement and expansion of activities. Peter Berdowski, CEO: “Boskalis’ financial position continues to be strong. We are net debt free, have a solid cash position and expect to be able to finance ongoing investment commitments from our operating cash flow. The new credit facility gives us the financial resources to further strengthen the business, and where possible expand it through targeted acquisitions.”
The committed credit facility, with a maturity of three years, is provided by a group of seven banks consisting of Rabobank, ING, Friesland Bank, RBS, Deutsche Bank, Fortis and BNP Paribas. The Boskalis strategy is designed to benefit from the key macro-economic drivers that are fueling global demand in selected markets: global trade, increasing energy consumption, expanding population pressures and the challenges of changing climate conditions.