Papendrecht, 16 July 2009
Royal Boskalis Westminster N.V. has secured a new Â¤350 million credit
facility. The main purpose of the new facility is to finance the
reinforcement and expansion of activities.
Peter Berdowski, CEO:
"Boskalis' financial position continues to be strong. We are net debt
free, have a solid cash position and expect to be able to finance
ongoing investment commitments from our operating cash flow. The new
credit facility gives us the financial resources to further
strengthen the business, and where possible expand it through
The committed credit facility, with a maturity of three years, is
provided by a group of seven banks consisting of Rabobank, ING,
Friesland Bank, RBS, Deutsche Bank, Fortis and BNP Paribas.
The Boskalis strategy is designed to benefit from the key
macro-economic drivers that are fueling global demand in our selected
markets: global trade, increasing energy consumption, expanding
population pressures and the challenges of changing climate
This is an English translation of the Dutch press release. In the
event of any disparity between the Dutch original and this
translation, the Dutch text will prevail.
Royal Boskalis Westminster N.V. is a leading global services provider
operating in the dredging, maritime infrastructure and maritime
services sectors. Boskalis provides creative and innovative all-round
solutions to infrastructural challenges in the maritime, coastal and
delta regions of the world including the construction and maintenance
of ports and waterways, land reclamation, coastal defense and
riverbank protection. The company holds important home market
positions in and outside of Europe and targets all market segments in
the dredging industry. It also has positions in strategic
partnerships in the Middle East (Archirodon) and in offshore services
(Lamnalco). Boskalis has a versatile fleet of over 300 units and
operates in over 50 countries across five continents. Including its
share in partnerships, Boskalis has approximately 10,000 employees.
For further information please contact:
Martijn L.D. SchuttevÃ¢er
Director of Investor Relations & Corporate Communications
Telephone: +31 78 69 69 822
Telefax: +31 78 69 69 020
This press release can also be found on our website www.boskalis.com
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.