TKH signs new term loan

TKH Group NV (“TKH”) has signed a new term loan of €200 million. The new term loan replaces the current term loan of €125 million, which has been in place since February 2023 and had a maturity till mid-February 2026. The new term loan will be used to finance investments and working capital needs as TKH continues to grow. The term loan of €200 million has a maturity till mid-February 2027 with an extension option for 1 year. The extension option will be a discretionary decision by the banks.

In addition to this term loan, TKH has an existing revolving credit facility of €500 million, which matures mid-February 2030. In addition, the current credit facility contains a framework for €415 million uncommitted credit facilities.

Elling de Lange, CFO of TKH Group commented: “We are pleased with the banks’ full support, by providing a new term loan of €200 million. With this new and higher term loan as part of our total credit facility, we have the flexibility to execute on our strategy as we have presented at our Capital Markets Day.”

This refinancing is secured at comparable conditions to the previous committed credit facility. A sustainability-linked adjustment will provide for a maximum discount or premium of 2.5 basis points on the credit margin.