Wereldhave announces the refinancing of the revolving credit

Refinancing of revolving credit facilities
Wereldhave NV has refinanced its 2017 Syndicated Revolving Credit Facility (“RCF”) with a new five-year €225 million sustainability-linked Syndicated RCF, extending the maturity date to the fourth quarter of 2027. The new facility includes key performance indicators related to sustainable development.

The lenders to the facility are ABN AMRO Bank, ING Bank and Rabobank.
ABN AMRO Bank acted as documentation agent and sustainability coordinator in this transaction, ING Bank is the facility agent. Freshfields Bruckhaus Deringer advised Wereldhave on the transaction.

In addition, Wereldhave entered into an agreement with ABN AMRO Bank to refinance its €80 million secured green RCF maturing in Q3 2024 with a new €50 million unsecured RCF maturing in Q4 2027. .

As a result, the loan portfolio is fully unsecured and Wereldhave more than doubles the weighted average duration of the group’s revolving (simply undrawn) credit facilities, totaling €385 million, to 4.5 years.

Dennis de Vreede, CFO of Wereldhave comments: “We are proud of our extended partnership with ABN AMRO Bank, ING Bank and Rabobank. Having strengthened our balance sheet while refinancing our credit facilities, Wereldhave is in a better position than ever to continue executing our LifeCentral transformation strategy.

Changes to the Supervisory Board
As of December 15, 2022, Ms. Françoise Dechesne will become the new chairwoman of the supervisory board of Wereldhave NV Mr. Adriaan Nühn, who currently chairs the supervisory board of Wereldhave NV, has decided to step down from the board of directors for reasons personal, with effect from the same date. The Executive Board and the members of the Supervisory Board regret the departure of Adriaan Nühn, but respect his personal decision. Wereldhave would like to express its gratitude to Adriaan Nühn for the five and a half years of chairmanship, during which he guided Wereldhave through a difficult transformation.
A search for a new member of the Supervisory Board has meanwhile been launched.

  • 20-11-2022 PR – Wereldhave announces refinancing of revolving credit facilities and changes to supervisory board

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