Agfa-Gevaert NV extends revolving credit facility, tell me about this news in (https://www.manilatimes.net/2026/09/28/tmt-newswire/globenewswire/agfa-gevaert-nv-extends-revolving-credit-facility/2433819)
28-09-2026
On September 28, 2026, Agfa-Gevaert NV announced the extension of its 180 million euro revolving credit facility.
Key details of the announcement include:
Maturity Extension: The facility has been extended to August 1, 2030, moving from its previous scheduled maturity date of August 1, 2028.
Purpose: The revolving credit facility supports working capital needs and general corporate purposes.
Lending Consortium: The facility was arranged by a syndicate of four financial institutions: BNP Paribas Fortis SA/NV, KBC Bank NV, Belfius Bank SA/NV, and ING Belgium SA/NV.
Security: The facility is now secured by a pledge of shares in Agfa HealthCare.
Financial Covenants:
Leverage Ratio: Net financial debt to adjusted EBITDA (excluding IFRS 16 over the trailing 12 months, tested semi-annually) must not exceed a maximum of 3.0.
Interest Coverage Ratio: Adjusted EBITDA to interest expense (excluding IFRS 16 over the trailing 12 months, tested semi-annually) must be at least a minimum of 4.0.
Liquidity Headroom: Cash, cash equivalents, and headroom under the credit facilities (tested quarterly) must maintain a minimum of 30 million euros.