Koninklijke Boskalis Westminster N.V. : Boskalis closes debt financing for
Papendrecht, 31 January 2013
With reference to the press release of 30 January 2013, in which Boskalis
announced its decision to make an all cash mandatory public offer for all the
issued and outstanding ordinary shares of Dockwise at a price of EUR 18.50 per
share cum dividend, which equals NOK 137 as per the date of this announcement,
Boskalis hereby confirms that it has signed the agreements for the required
The credit facilities contain a combination of a 3-year term loan (USD 525
million) and a 5-year revolving credit facility (EUR 500 million). The term
loan and revolving credit facility have been arranged by a group of BMLAs
comprising ABN AMRO Bank, BNP Paribas, Rabobank, ING Bank, Bank of
Tokyo-Mitsubishi UFJ and The Royal Bank of Scotland. ABN AMRO Bank and The
Royal Bank of Scotland acted as co-ordinators.
Next to these credit facilities, Boskalis has entered into a bridge credit
facility (USD525million) with Rabobank and The Royal Bank of Scotland. The
bridge facility will be refinanced by a debt capital market issuance.
The entire package, combined with EUR 320 million of new equity raised earlier
this month, will be used for financing the acquisition of Dockwise as well as
the refinancing and replacement of certain existing Boskalis and Dockwise debt
facilities. Furthermore, these facilities will provide sufficient room for the
new combination to undertake future investments.
FOR FURTHER INFORMATION
Investor Relations & Press:
Martijn L.D. Schuttevâer
T +31 78 6969310
F +31 78 6969020
This press release is issued by Royal Boskalis Westminster N.V. (Boskalis)
pursuant to the provisions of Article 5-12 of the Norwegian Securities Trading
Act (Verdipapirhandelloven) and Article 5:25i paragraph 2 of the Dutch Act on
Financial Supervision (Wet op het Financieel Toezicht) and Article 4 of the
Dutch Decree on Public Takeover Bids (Besluit openbare biedingen Wft) in
connection with its public offer for Dockwise Ltd. (Dockwise). This
announcement does not constitute an offer, or any solicitation of any offer,
to buy or subscribe for any securities. This announcement is not for release,
publication or distribution, in whole or in part, directly or indirectly, in
or into the United States of America, Canada, Australia or Japan.
Royal Boskalis Westminster N.V. is a leading global services provider
operating in the dredging, maritime infrastructure and maritime services
sectors. The company provides creative and innovative all-round solutions to
infrastructural challenges in the maritime, coastal and delta regions of the
world with the construction and maintenance of ports and waterways, land
reclamation, coastal defense and riverbank protection. In addition, Boskalis
offers a wide variety of marine services and contracting for the offshore
energy sector including subsea, transport and heavy lift (through Boskalis
Offshore) and towage and salvage (through SMIT). It also has strategic
partnerships in the Middle East (Archirodon) and in terminal services (Smit
Lamnalco). With a versatile fleet of over 1,100 units Boskalis operates in
around 75 countries across six continents. Including its share in
partnerships, Boskalis has approximately 14,000 employees.
This press release can also be found on our website www.boskalis.com.
pdf version press release
This announcement is distributed by Thomson Reuters on behalf of Thomson
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(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Koninklijke Boskalis Westminster N.V. via Thomson Reuters ONE
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