Ordina successfully completes refinancing

Nieuwegein, 19 May 2015

Ordina has agreed a new financing facility of EUR 30 million under more favourable conditions:

• The margin has been cut to 1.00%, compared to the margin of 2.25% - 3.75%, depending on the leverage ratio, for the previous facility;
• The covenant related to the ratio of net debt to corrected EBITDA has been relaxed;
• The financing has a term of five years with an initial term of three years and an option to extend twice for a period of one year.

The revolving facility has been fully committed by ABN AMRO and ING and replaces the previous facility of EUR 35 million extended by ABN AMRO, ING and NIBC, which was due to expire in November 2016. ABN AMRO acted as lead arranger for the facility.

Ordina will provide further details of the new facility in its interim report.

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ABOUT ORDINA
Ordina is the largest independent IT services provider in the Benelux, with more than 2,900 employees. We design, build and maintain IT solutions for organisations in the public sector, in financial services, industry and the healthcare sector. We aim to design IT solutions that help people, IT that matters and that is produced without wasting precious resources. We do this by forging Partnerships in Sustainable Innovation with our clients. 

Ordina was founded in 1973. The company's shares have been listed on the NYSE Euronext Amsterdam since 1987 and are included in the Small Cap Index (AScX). In 2014, Ordina recorded turnover of EUR 367 million. For more information visit the company's website at www.ordina.com.

For more information:
Media:

Annemieke den Otter, Investor Relations
Mail: [e-mail]
Telephone: [phone]

Jeroen Hellenberg, Communications
Mail: [e-mail]
Telephone: [phone]

This document contains pronouncements forecasting the future financial performance of Ordina N.V. and outlines certain plans, targets and ambitions based on current insights. Obviously, such forecasts are not without risk; they entail a relative degree of uncertainty since no guarantees exist on future circumstances. There are many factors that could potentially affect the actual performance and forecasts, causing them to deviate from the situation described in this document. Such factors include: general economic trends, the pace of the globalisation of the solutions, IT and consulting markets, the growing number of projects with responsibility for deliverables, scarcity on the labour market, and future acquisitions and disposals.

Ordina successfully completes refinancing

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ordina via Globenewswire

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