Imtech signs €500m bridge, plans rights issue

01 Mar 2013

Dutch technical services group Imtech has signed a €500m bridge facility and is planning a €500m rights issue as it looks to strengthen its balance sheet following write-downs of €300m in its Polish and German operations.

ING and Rabobank are providing the bridge loan. Of the facility, €300m is available immediately and the remaining €200m will be made accessible after further agreements have been made with lenders, the borrower said on Wednesday. The loan could be used for working capital, if necessary, the firm ...

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