NSG Group: Continuation Of Debt Refinancing Program

Date: 2 February 2010
Source: NSG Group
NSG Group announces that new bank facilities totaling approximately JPY 35bn were signed with a number of institutions on 29 January 2010.

The weighted average maturity of the facilities announced today is four years, with a final maturity of five years. The total proceeds will be used to prepay existing borrowings maturing in 2011. Mandated Lead Arrangers to the facility were SMBC, Bank of America Merrill Lynch, BNP Paribas, Citibank and Intesa Sanpaolo SpA.
 
These new facilities represent the latest step in the Group's continuing debt management and refinancing program. This aims to replace the Group's maturing debt with new debt and increase the maturity profile of the Group's borrowings. The refinancing of all of the Group's maturities in financial year 2010 has been completed and refinancing of the remaining maturities in financial year 2011 is currently in progress.

600450 NSG Group: Continuation Of Debt Refinancing Program glassonweb.com

See more news about:

Others also read

Pilkington United Kingdom Limited, part of the NSG Group, has launched Pilkington Optimirror™ Protect Plus, a new safety mirror that provides enhanced safety capability without the need for secondary processing.
To create a new future of glass, NSG Group looks forward to working with you for the next 100 years.
NSG Group announced today that it has received a “GOLD” rating for the first time from EcoVadis*, a global organization for evaluating CSR (corporate social responsibility) performance.
The latest version of the world’s largest trade fair dedicated to the glass industry is now complete, but the impact from many of the products and services displayed last week at glasstec will live on for many years.
NSG Group, manufacturer of glass under the Pilkington brand, will present its latest innovations at Equip'Baie 2018, the must-attend trade show in the windows and façade sector, in Paris Porte de Versailles from 20th to 23rd November 2018.
NSG Group announced that its Metashine®-printed glass was selected for train-side passenger window of Seibu Railway’s new express train “Laview,” which is scheduled to begin operation in March 2019.

From industry

Add new comment