THEON signs a new €300 million Senior Facility Agreement

Core Points - Theon International Plc has secured a €300 million senior facility agreement with a syndicate of 9 banks, which can be upsized to €400 million if needed [2][4] - The funds will be utilized for refinancing existing short-term debt, supporting general corporate purposes, and potentially financing larger acquisitions [2] - Theon Group is a leader in developing and manufacturing night vision and thermal imaging systems for defense and security applications, with a global presence [6] Financial Details - The revolving credit facility has a tenor of 5 years [2] - Theon Group's CFO highlighted the favorable terms of the agreement, which enhances financial flexibility and supports growth ambitions [4] Company Background - Theon Group has been operational since 1997 and has a significant international presence with subsidiaries and production facilities in multiple countries [6] - The company has over 220,000 systems in service with armed and special forces in 71 countries, including 26 NATO countries [6] - Theon International Plc has been listed on Euronext Amsterdam since February 2024 [6]