ARCADIS (EURONEXT: ARCAD), the leading pure play global engineering and consultancy firm, today announced that it has completed a 5-year U.S. Private Placement (USPP) of $90 million.
The USPP is issued at 5% for a 5-year period with 4 investors purchasing ARCADIS notes. Rabobank was responsible for assisting ARCADIS with the transaction. The USPP proceeds will be used to replace maturing bank debt.
"With this step we further diversify our sources of financing and extend the maturity profile of our debt," said Renier Vree, CFO for ARCADIS.
For more information please contact Joost Slooten at +31 (0) 20 2011083, or outside office hours at +31 (0) 6 27061880 or joost.slooten@arcadis.com
About ARCADIS:
ARCADIS is the leading pure play global engineering and consultancy firm, providing consultancy, design, engineering and management services in infrastructure, water, environment and buildings. We enhance mobility, sustainability and quality of life by creating balance in the built and natural environment. ARCADIS develops, designs, implements, maintains and operates projects for companies and governments. With 22,000 people and €2.5 billion in revenues, the company has an extensive global network supported by strong local market positions. ARCADIS supports UN-HABITAT with knowledge and expertise to improve the quality of life in rapidly growing cities around the world. Please visit: www.arcadis.com
