- A two-year extension to the EUR 700 million sustainability-linked revolving credit facility, with maturity in February 2027
- A new EUR 150 million term loan maturing in November 2025, with two one-year extension options subject to lenders approval
Marel has signed a two-year extension to its EUR 700 million sustainability-linked revolving credit facility. The term for the credit facility was for five years maturing in 2025, with two one-year extension options. These options have now been utilized, extending the credit facility by two years with final maturity in February 2027.
In addition, Marel has signed a new EUR 150 million term loan with same margins and maturity as the USD 300 million term loan previously announced in November 2022. The maturity of the new term loan is November 2025, with two one-year extension options, subject to lenders approval.
The new term loan is signed with Marel‘s long standing partners: ABN AMRO, BNP Paribas, Danske Bank, HSBC, ING, and Rabobank. The banking group mirrors Marel’s geographical presence and is thus well placed to support Marel’s business going forward.
Stacey Katz, CFO of Marel:
“We strongly value the partnership with our long-standing banking group and their trust in Marel’s business model, quality of earnings and growth ambition. The new term loan of EUR 150 million, together with the longer maturity profile of the revolving facility, will provide increased operational and strategic flexibility in the current financial environment.”