Debt information
As per end of 2024, Fugro has a new EUR 400 million financing on improved terms with its relationship banks in place, consisting of a EUR 100 million term loan and a EUR 300 million revolving credit facility.
Maturity profile per Dec 2024
in EUR million
Both the term loan and revolving credit facility are unsecured and have a 5-year maturity, plus options to extend maturity for a maximum period of two years in total.
The initial rate of interest is EURIBOR +1.65% on the term loan and EURIBOR +1.30% on the revolving credit facility respectively. Fugro will retain its existing sustainability-linked financing framework and will update the sustainability arrangements and its related key performance indicators (KPIs) in the loan documentation within 9 months after signing. Thereafter the financing arrangements are envisaged to be classified as sustainability-linked, resulting in a discount or penalty mechanism to be applied on the interest margin payable based on the performance against specified annual targets for these KPIs.
Sustainability-linked financing framework
Our sustainability-linked financing framework in place. This confirms our strong commitment to our ambitious sustainability targets.