AMSTERDAM--(BUSINESS WIRE)--TomTom, the world’s leading provider of location and navigation products and services, has signed a forward start facilities agreement comprising of a €250 million term loan facility and a €150 million revolving credit facility that will extend the maturity of the existing bank facilities that the company has in place. The new facilities will provide TomTom with financial resources for ongoing strategic and operational requirements beyond the term of the existing facilities. The facilities agreement start date is 31 December 2012 and it will mature on 31 March 2016.
€75 million of the term loan is repayable on each of 31 December 2013 and 31 December 2014, with a final repayment of €100 million payable on 31 March 2016.
The new syndicate of banks consists of ABN AMRO, ING, Rabobank International and Royal Bank of Scotland as Bookrunning Mandated Lead Arrangers and Banque LBLux, Deutsche Bank, Barclays Corporate and Morgan Stanley as Mandated Lead Arrangers. Rabobank International coordinated the transaction.
About TomTom
Founded in 1991, TomTom (AEX:TOM2) is the
world’s leading supplier of location and navigation products and
services focused on providing all drivers with the world’s best
navigation experience. Headquartered in Amsterdam, TomTom has over 3,500
employees and sells its products in more than 40 countries.
Our products include portable navigation devices, in-dash infotainment systems, fleet management solutions, maps and real-time services, including the award winning TomTom HD Traffic.
For the world’s most up-to-date route planner, including live traffic information please visit www.routes.tomtom.com
For further information, please visit www.tomtom.com