June 17, 2014 - ARCADIS (EURONEXT: ARCAD), the leading global natural and built asset design and consultancy firm, announced today that it has completed the refinancing of $40 million debt maturing in June 2014 and $75 million debt originally scheduled to mature in January 2015 through a syndicate of existing relationship banks.
Both tranches have now been refinanced, capitalizing on attractive loan market conditions with a new maturity date for this $115 million term loan in June 2019. Further financial details were not provided.
"The timing is right for refinancing at good rates, so we have taken the opportunity to do so while at the same time extending the maturity profile of our debt," said Renier Vree, CFO for ARCADIS.