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Press release BoxID: 466101 (Imtech N.V)
  • Imtech N.V
  • Kampenringweg 45-A
  • 2803 Gouda
  • http://www.imtech.eu
  • Contact person
  • Pieter Koenders
  • +31 (655) 74 65 85

Imtech diversifies its funding structure

(PresseBox) (PE Gouda, ) Imtech (IM-AE, technical services provider in Europe) announces that it has reached substantive agreement with international investors on a USD 300 million private placement of senior notes (in different currencies) by Imtech Capital B.V. guaranteed by Imtech N.V. With this placement Imtech diversifies its funding structure.

Imtech intends to use the net proceeds to refinance existing debt and for other general corporate purposes. The issue will be composed of tranches aggregating USD 186 million, EUR 25 million and GBP 50 million with 5 to 12 year maturities. Imtech Capital B.V. is a wholly-owned finance subsidiary of Imtech N.V. Imtech N.V. expects to sign the transaction documentation, and issue the notes, on 15 December 2011.

Imtech N.V

Imtech N.V. is a European technical services provider in the fields of electrical solutions, ICT (information and communication technology) and mechanical solutions. With more than 27,000 employees, Imtech achieves annual revenue of around 4.5 billion euro. Imtech holds strong positions in the buildings and industry markets in the Netherlands, Belgium, Luxembourg, Germany, Austria, Eastern Europe, Sweden, Norway, Finland, the UK, Ireland and Spain, the European markets of ICT and Traffic as well as in the global marine market. In total Imtech serves 21,000 customers. Imtech offers added value with integrated and multidisciplinary total solutions that lead to better business processes and more efficiency for customers and the customers they, in their turn, serve. Imtech also offers solutions that contribute towards a sustainable society, for example in the areas of energy, the environment, water and mobility. Imtech shares are listed on the NYSE Euronext Amsterdam, where Imtech is included in the Midkap Index. Imtech shares are also included in the Dow Jones STOXX 600 index. Per February 2011 Imtech has been granted the designation Royal.