Debt information
As of the end of 2024, Fugro has successfully secured a new EUR 400 million financing agreement on improved terms with its long-standing relationship banks. This comprehensive agreement consists of a EUR 100 million term loan and a EUR 300 million revolving credit facility, providing the company with enhanced financial flexibility and resilience. The strengthened capital structure is expected to support Fugro’s strategic initiatives, operational requirements, innovation efforts, and future growth opportunities across its global operations.
Maturity profile per Dec 2024
in EUR million
Both the term loan and revolving credit facility are unsecured, offering favourable conditions with a 5-year maturity, plus options to extend the maturity for a maximum period of two years in total. This structure ensures long-term financial stability while maintaining the flexibility to adapt to changing market conditions, capital requirements, and investment needs.
The initial rate of interest is set at EURIBOR +1.65% on the term loan and EURIBOR +1.30% on the revolving credit facility, reflecting competitive financing costs. Fugro will update its sustainability arrangements and associated key performance indicators within nine months of signing of these financing facilities (in December 2024). Following this update, the financing arrangements are expected to be classified as sustainability-linked, incorporating a discount or penalty mechanism on the interest margin based on Fugro’s performance against predefined annual sustainability targets. These initiatives reinforce Fugro’s commitment to responsible business practices, environmental stewardship, and long-term value creation.
Governance
We’re committed to integrity, transparency, accountability, and proper supervision.