Wolters Kluwer EUR 1.0 Billion Multi-Currency Credit Facility
Amsterdam (September 27, 2006) - Wolters Kluwer, a leading global information services company and publisher, announced today the signing of a EUR 1.0 billion multi-currency credit facility. The credit facility will be used for general corporate purposes, and is an amendment to the existing credit facility of EUR 750 million.
“We are pleased with the successful renegotiation of the existing credit facility with our core relationship banks. This credit facility has more favorable terms and will support the company’s strategy for accelerating profitable growth” said Boudewijn Beerkens, CFO of Wolters Kluwer.
Wolters Kluwer appointed ABN AMRO Bank N.V., Citigroup, Deutsche Bank AG, Fortis Bank (Nederland) N.V., and ING Bank N.V., as Mandated Lead Arrangers for the loan.
The syndicate furthermore includes the following banks: ANZ Bank, Banca Intesa S.p.a., Credit Suisse, Dresdner Kleinwort, Rabobank, and Société Générale.
The amended terms include a higher facility amount as well as a lower interest rate margin and a lower commitment fee.
The credit facility, which has a remaining maturity of almost 5 years, is for general corporate purposes, and will replace the existing EUR 750 million credit facility originally established in July 2004.
About Wolters Kluwer
Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory, and education sectors. Wolters Kluwer has annual revenues (2005) of €3.4 billion, employs approximately 18,400 people worldwide and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.
For more information, visit www.wolterskluwer.com.
This press release contains forward-looking statements. These statements may be identified by words such as “expect”, “should”, “could”, “shall”, and similar expressions. Wolters Kluwer cautions that such forward-looking statements are qualified by certain risks and uncertainties that could cause actual results and events to differ materially from what is contemplated by the forward-looking statements. Factors which could cause actual results to differ from these forward-looking statements may include, without limitation, general economic conditions, conditions in the markets in which Wolters Kluwer is engaged, behavior of customers, suppliers and competitors, technological developments, the implementation and execution of new ICT systems or outsourcing, legal -, tax -, and regulatory rules affecting Wolters Kluwer’s businesses, as well as risks related to mergers, acquisitions and divestments. In addition, financial risks, such as currency movements, interest rate fluctuations, liquidity and credit risks could influence future results. The foregoing list of factors should not be construed as exhaustive. Wolters Kluwer disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
- Contact Information
- Caroline Wouters
- Vice President, Corporate Communications
- Wolters Kluwer
- Contact via E-mail
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.