The new credit facility replaces the previous committed credit facility (also € 350 million), set to expire October 2018 but terminated prematurely at the initiative of TKH.

The new facility has a maturity of 5 years, with options to extend for 2 times one year, making the entire term potentially 7 years. With the new facility, TKH benefits from the favourable market conditions and its improved credit rating.

The new facility has the same financial covenant for debt leverage as the previous facility, namely a maximum ratio of 3.0. The interest coverage ratio is no longer applicable. In the new credit facility the financial expenses will be lower.

TKH Group NV published this content on 25 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 January 2017 11:01:03 UTC.

Original documenthttp://www.tkhgroup.com/en/news/financial-news/archive-2017/tkh-agrees-new-committed-credit-facility

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