DECEUNINCK
Financial restructuring wrapped up / Rights issue imminent
After months of negotiations, PVC window profile manufacturer Deceuninck (Hooglede-Gits / Belgium; www.deceuninck.com) has finally completed the process of restructuring its credit arrangements. A new long-term framework agreement has been reached with lenders, paving the way for the planned capital increase – see Plasteurope.com of 27.05.2009. It is hoped that the issue of new shares – which was originally initiated by Clement de Meersman, the former CEO who has meanwhile left the company – will yield around EUR 85m. The management wants to use half the proceeds to repay long-term debts.
21.09.2009 Plasteurope.com [214393]
Published on 21.09.2009
German version of this article...