ForFarmers secures new credit facility

Core Points - ForFarmers N.V. has secured a new credit facility amounting to €150 million with an international banking syndicate, along with a €125 million working capital financing facility set to become operational in mid-Q3 2025 [1][2] - The new credit facility matures on 31 July 2030, with options for two one-year extensions, replacing a previous financing agreement of €300 million that had a maturity date of 25 July 2026 [2] - The interest rate on the new credit facility is linked to sustainability indicators related to CO2 emissions reduction and the use of circular raw materials, allowing for potential discounts or surcharges based on performance [3] Financial Structure - The new financing structure is designed to support the growth of ForFarmers' activities, providing sufficient financial scope while maintaining terms comparable to the existing facility [4] - The financing has been arranged by a syndicate of banks including ABN AMRO, BNP Paribas, HSBC, ING, Rabobank, and SEB, with ABN AMRO coordinating the documentation process [2] Company Profile - ForFarmers is a leading player in Europe, offering complete feed solutions for (organic) livestock farming, with sales of approximately 9 million tonnes of animal feed [6][7] - The company operates production facilities in the Netherlands, Germany, Poland, and the UK, and employs around 2,700 people [7] - ForFarmers is committed to sustainable farming practices and aims to contribute to affordable and sustainable food production [6]