Amsterdam, The Netherlands --September 20, 2002 Univar N.V. ("Univar") (Euronext Amsterdam: UNIVR) a leading international chemical distributor, is pleased to announce the imminent launch of its Euro 750 Million Syndicated Revolving Credit Facility (the "Facility") via joint Mandated Lead Arrangers, Joint Underwriters and Joint Bookrunners ABN AMRO Bank N.V., Banc of America Securities Limited, Bank of Scotland, Citigroup, ING Bank N.V. and Mizuho Corporate Bank Nederland N.V. to a targeted group of relationship banks. A lenders meeting will take place in Amsterdam on October 1st.
The Facility comprises a Euro 150 Million 364 day tranche with an extension option and a Euro 600 Million 3 year tranche. It will be utilized for short term liquidity requirements, refinancing, working capital, general corporate purposes and acquisitions.
The Interest Margin, which is based on a leverage grid, is 150bp on the short term tranche and 170bp on the 3 year tranche at signing.
Bank will be invited to participate in the Facility at the following levels:
|
Title |
Amount
|
|
Arranger |
EUR 60,000,000 |
|
Co-Arranger |
EUR 40,000,000 |
|
Senior Lead Manager |
EUR 20,000,000 |
Profile Univar
Univar is the leading independent chemical distributor in the world Univar. The company is engaged in the chemical distribution business throughout both North America and Europe. Univar purchases a vast array of commodity products in bulk quantities, processes these, repackages them in appropriate quantities and then sells and delivers them to some 250,000 industrial end-users. In addition, Univar provides a number of related services to its customers, such as blending of chemicals, managing customer inventories, providing technical support and packaging and labelling. Univar operates a network of 195 distribution centres, spread across the United States, Canada and 14 European countries. In 2001, Univar generated net sales of US $4.7 billion and group operating income (EBITA) of US $96.4 million. Univar has approximately 7,000 employees based throughout North America and Europe. The company is headquartered in The Netherlands, with North American offices in Bellevue, Washington. For more information, visit: www.univarcorp.com
For more information please contact:
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Univar N.V.
John Sammons
Senior Vice President and Chief Administrative Officer
Tel: +1-425-637-5634
Fax: +1-425-637-5669
E-mail: john.sammons@univarcorp.com
Website : www.univarcorp.com
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Citigate First Financial
Barbara Jansen
Tel: +31 (0)20 575 40 80
Fax: +31 (0)20 575 40 20
E-mail: bjansen@citigateff.nl |
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