TomTom renews its banking facilities
December 22 2014 - 1:30AM
Business Wire
TomTom (TOM2) today announced it has signed a new facility
agreement for a €250 million revolving credit facility (the
"Facility").
The Facility has a maturity date of 31 March 2018 and includes
two additional one year extension options. The Facility will
replace the Company's existing term and revolving credit
facilities.
The new syndicate of banks consists of ABN AMRO Bank NV, HSBC
Bank plc, ING Bank NV and The Royal Bank of Scotland plc as
Bookrunning Mandated Lead Arrangers and Barclays Bank, Bayerische
Landesbank and Rabobank as Mandated Lead Arrangers. ING Bank NV
acted as Coordinator and ABN AMRO Bank NV as Agent in respect of
this new facility.
About TomTom
TomTom (TOM2) empowers movement. Every day millions of people
around the world depend on TomTom to make smarter decisions. We
design and develop innovative products that make it easy for people
to keep moving towards their goals. Best known for being a global
leader in navigation and mapping products, TomTom also creates GPS
Sport Watches, as well as state-of-the-art fleet management
solutions and industry leading location based products.
Our business consists of four customer facing business units:
Consumer, Automotive, Licensing and Telematics.
Founded in 1991 and headquartered in Amsterdam, we have 4,000
employees worldwide and sell our products in over 41 countries.
TomTomBisera Grubesic, +31 20 757 5194ir@tomtom.com