Royal Vopak signs agreements for a new debt issuance of EUR 400 million equivalent
24 Abril 2023 - 12:00AM
Royal Vopak signs agreements for a new debt issuance of EUR 400
million equivalent
Royal Vopak signs agreements for a new debt issuance of EUR
400 million equivalent Rotterdam, the Netherlands; 24 April
2023 Royal Vopak announces the signing of Note Purchase Agreements
for a debt issuance in the US Private Placement (USPP) market for a
total amount of USD 225 million and EUR 193 million. Funding will
take place mid June this year and is subject to customary closing
conditions.
This Senior Notes Program consists of various EUR and USD
tranches with maturities ranging from 5 to 10 years. For the USD
denominated Notes of 225 million the weighted average fixed annual
interest rate is 5.14%. For the EUR denominated Notes of 193
million the weighted average fixed annual interest rate is 4.65%.
The proceeds of this USPP will be mainly used to repay outstanding
and/or maturing debt in 2023. The program will further align the
well spread debt maturity profile of Vopak’s outstanding debt, and
will provide maximum flexibility under the current EUR 1 billion
Revolving Credit Facility.Michiel Gilsing, Chief Financial Officer
of Vopak: “This successful signing of the debt issuance confirms
Vopak’s ongoing access to relevant capital markets. This debt
issuance will further strengthen our balance sheet and support our
capital structure to continue to invest in growth opportunities for
Vopak in line with our strategy.”This announcement does not
constitute an offer of any securities for sale in the United States
or any other jurisdiction. The securities mentioned herein have not
been and will not be registered under the U.S. Securities Act of
1933, as amended, and may not be offered or sold in the United
States absent registration or an applicable exemption from
registration requirements. About Royal VopakRoyal Vopak is
the world’s leading independent tank storage company. We store
vital products with care. Products for everyday life. The energy
that allows people to cook, heat or cool their homes and for
transportation. The chemicals that enable companies to manufacture
millions of useful products. The edible oils to prepare food. We
take pride in improving access to cleaner energy and feedstocks for
a growing world population, ensuring safe, clean and efficient
storage and handling of bulk liquid products and gases at strategic
locations around the world. We are excited to help shape a
sustainable future by developing infrastructure solutions for new
vital products, focusing on zero- and low-carbon hydrogen, ammonia,
CO2, long duration energy storage and sustainable feedstocks. We
have a track record of over 400 years in navigating change and are
continuously investing in innovation. On sustainability, we are
ambitious and performance driven, with a balanced roadmap that
reflects key topics that matter most to our stakeholders and where
we can have a positive impact for people, planet and profit and the
United Nations Sustainable Development Goals. Vopak is listed on
the Euronext Amsterdam and is headquartered in Rotterdam, the
Netherlands. For more information, please visit www.vopak.com
For more information please contact Analysts and
Investors: Fatjona Topciu - Head of Investor
Relationsinvestor.relations@vopak.com Press: Liesbeth Lans -
Manager External Communication global.communication@vopak.com
- 2023-04-24 Royal Vopak signs agreements for a new debt issuance
of EUR 400 million equivalent
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