Koninklijke Boskalis Westminster N.V. : Boskalis successfully completes USD
325 million US Private Placements
Papendrecht, 23 July 2013
Royal Boskalis Westminster N.V. has successfully placed USD 325 million US
Private Placement notes with 24 institutional investors in the United States.
The issue was heavily oversubscribed with a book close to USD 2 billion. The
senior notes carry a 10 year maturity with an annual interest rate of 3.66%.
The proceeds of the private placements, together with USD 190 million cash
received from the recent disposal of Archirodon, will be used to fully repay
the USD 525 million bridge facility, which purpose was to partly finance the
acquisition of Dockwise. With these US private placements, in addition to the
three and five year committed bank facilities and the existing 2010 US private
placements, Boskalis will continue to have a solid financial structure.
RBS and Rabobank acted as placing agents.
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, heavy transport, lifting and installation
(through Boskalis Offshore and Dockwise) and towage and salvage (through
It also has a strategic partnership 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 more
than 11,000 employees.
This press release can also be found on our website www.boskalis.com.
FOR FURTHER INFORMATION
Martijn L.D. Schuttevâer
T +31 78 6969310
F +31 78 6969020
PDF version of this press release
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Source: Koninklijke Boskalis Westminster N.V. via Thomson Reuters ONE
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