STORK ANNOUNCES REFINANCING TO SUPPORT THE INDIVIDUAL GROWTH STRATEGIES FOR FOKKER TECHNOLOGIES AND
Utrecht, August 8, 2012 – Stork B.V. announces the refinancing of its two businesses Fokker Technologies (FT) and Stork (STS). The refinancing of Stork B.V. into two separate capital structures is the logical next step to establish and grow its two distinct, international businesses. The refinancing also includes the full integration of the RBG Group in STS and a significant equity contribution from current investors led by funds managed by Arle Capital Partners. The refinancing will enable Stork B.V. to repay all of its existing credit facilities.
The financing package for STS consists of €272.5 million senior secured notes due 2017 issued in accordance with Rule 144A and Regulation S and a working capital facility of €100 million. STS’ new capital structure will facilitate the full integration of the RBG Group into STS, which was separately financed at the time of acquisition in May 2011 and positions STS firmly in the oil & gas sector as a services and technology provider.
The financing package for Fokker Technologies consists of a senior term loan of €150 million and a working capital facility of €50 million. For Fokker Technologies, the new capital structure will allow the company to consolidate its position as a leading provider of technologies, systems and services for the aerospace and defense industries.
The refinancing is expected to close on or about August 16, 2012 and remains subject to customary closing conditions.
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