Heijmans announces a renewed €210 million revolving credit facility 

Key points 

• • Heijmans has renewed its existing revolving credit facility (RCF) with a new €210 million facility 

  • Financing has been agreed with the existing banking syndicate  

• • The new RCF has a term of five years with two additional one-year renewal options. 

• • The facility increases Heijmans’ financial flexibility  

• • The agreement includes an additional uncommitted acquisition facility of €150 million 

Royal Heijmans N.V. has announced that an agreement has been reached regarding the refinancing of its existing revolving credit facility (RCF). The new facility has a total commitment of €210 million and replaces the current €177.5 million facility. The agreement was coordinated by Rabobank and has been concluded with the existing banking syndicate (ABN AMRO, ING and Rabobank).   

The new RCF has an initial term of five years, plus two one-year extension options. This will increase Heijmans’ financial flexibility and further strengthens its long-term funding base. The new RCF has been structured as a Sustainability-Linked Loan (SLL), directly linking it to Heijmans’ sustainability performance (ESG). 

A strategic foundation for further growth 

With this refinancing Heijmans reinforces its financial position and supports the implementation of its 'Together towards 2030' strategy. The facility provides additional scope for investment, growth and potential acquisitions, in part thanks to an additional uncommited accordion of €150 million. In addition, the associated covenants and conditions have been updated and expanded to better reflect Heijmans’ current creditworthiness and financial position.  

"We are pleased by the broad support we have received from our domestic banks for the ongoing realisation of Heijmans’ strategy. It focuses on controlled growth, with clear aspirations in terms of sustainability and value creation. As a leading player in construction and infrastructure, we create a healthy living environment and play a central role in society. It is a positive development that the banking group is supporting our strategy in the form of a new credit facility that offers us financial flexibility. With this facility, we are well positioned to pursue our growth strategy, including making targeted investments and selective acquisitions", states Heijmans CFO Gavin van Boekel.