LBI INTERNATIONAL 
By Existing credit lines Danske Bank replaced and extended
Amsterdam (the Netherlands) 16 September 2011 - LBi International N.V. (NYSE Euronext symbol: LBI), Europe's largest marketing and technology agency, has signed a term sheet with ABN AMRO regarding new and extended credit facilities totalling EUR 70 million as well as an International Cash Management Solution.
These new facilities will replace the existing credit lines with Danske Bank. LBi is advised by Orchard Finance on the refinancing of its credit facilities and anticipates closing of the agreement within several weeks.
The new credit facilities will consist of EUR 20 million which replaces the existing uncommitted working capital facility, EUR 20 million which replaces the existing term loans, and an additional committed revolving facility of EUR 30 million to support expansion of activities in key markets in Europe and the US. The new committed credit lines will have a maturity of 3 years.
The refinancing by ABN AMRO is subject to agreement on the final transaction documentation.
Luke Taylor, CEO of LBi, commented: "Our new primary listing on NYSE Euronext Amsterdam obtained last year and the fact that ABN AMRO has presence in our key markets, make this a logical move. We are pleased to have reached agreement with ABN AMRO which is fully committed to enter into a long term partnership with LBi and support our growth strategy and ambitions."
Contacts
Luke Taylor, CEO, LBi International N.V.
+44 20 7063 6465, luke.taylor@LBi.com:
mailto:luke.taylor@LBi.com
Huub Wezenberg, CFO, LBi International N.V.
+31 20 460 4500, huub.wezenberg@LBi.com:
mailto:huub.wezenberg@LBi.com
For more information, go to www.LBi.com:
http://www.lbi.com/
LBi's head office:
LBi International N.V.
Joop Geesinkweg 209 | 1096 AV Amsterdam
Box 94829 | 1090 GV Amsterdam | Netherlands
Company registration no. 30277334
Phone: + 31 20 460 45 00 | Fax: + 31 20 460 45 09
About LBi
LBi International N.V. (NYSE Euronext Amsterdam: LBI) is the leading European marketing and technology agency with a global reach.
Headquartered in Amsterdam (the Netherlands), LBi has a staff of 1,800 and operations in 15 countries. As a marketing and technology agency, LBi offers services to brands (clients) to help them engage with their customers through digital channels across a wide spectrum of their points of engagement, from initial awareness of the brand, through direct interaction with the services or products offered by the brand, to on-going relationships with the brand.
The company offers a suite of services that are designed to help companies attract, engage and manage customers, more effectively. This full service offering combines analytical, direct marketing and digital competences, which means that LBi is able to develop big creative ideas in the digital space, build and manage complex transactional websites, run complex CRM programmes and even handle the media buying, planning and electronic public relations for blue chip companies
The owner of this announcement warrants that:
(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 the
information contained therein.
Source: LBi International N.V. via Thomson Reuters ONE
