Corporate Express' parent group, Buhrmann has renegotiated some of the terms and conditions of its Senior Credit Facility.
The group says that under the agreement reached with its banking syndicate some of the covenants, like the consolidated leverage ratio and consolidated interest coverage ratio, have been amended to ensure continued, financial flexibility in the future. In exchange additional levels in the so-called pricing grid for the interest margin were accepted.
It was noted that Buhrmann has been and continues to be in full compliance with all its banking agreements.
18-Dec-2001
