TomTom renews its Banking Facilities
Amsterdam, The Netherlands, 21 June 2019 - Location technology specialist TomTom (TOM2) today announced it has signed a new agreement for a €75 million revolving credit facility.
The facility has a tenor of three years plus two one-year extension options. The new facility will replace the existing €250 million credit facility.
As of 31 March 2019, we had no outstanding bank borrowings and reported a net cash position of €207 million, this was excluding €34 million reported as held-for-sale.
The syndicate of banks consists of Bank of America Merrill Lynch, Barclays, HSBC Netherlands, ING, and Rabobank as Bookrunning Mandated Lead Arrangers. ING acted as Coordinator and Rabobank as Facility Agent in respect of this new facility.
ENDS
About TomTom
TomTom is the leading independent location technology specialist, shaping mobility with highly accurate maps, navigation software, real-time traffic information and services.
To achieve our vision of a safer world, free of congestion and emissions, we create innovative technologies that keep the world moving. By combining our extensive experience with leading business and technology partners, we power connected vehicles, smart mobility and, ultimately, autonomous driving.
Headquartered in Amsterdam with offices in 30 countries, TomTom’s technologies are trusted by hundreds of millions of people worldwide.
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