Successful SFA amendment
Xella's SFA amendment request has been consented by the lending syndicate with an unanimous consent on 15 October 2012.
The requested SFA amendment consists of the following components:
1. Resetting of the leverage convenant with a new headroom of c. 20% based on an updated business plan.
2. Partial deferral of scheduled repayments on existing SFA facilites amounting to € 40m in total, which reduces the scheduled repayments due in 2013 and 2014 by € 20m, each.
The SFA amendment is foreseen to become effective by the end of October / early November 2012.