AMG Advanced Metallurgical Group N.V. Announces new Term Loan and
Revolving Credit Facility
Amsterdam, 4 September 2007 - AMG Advanced Metallurgical Group N.V.
(EURONEXT AMSTERDAM: AMG) announced today that it and its
subsidiaries have completed a USD 275 million term loan and
multicurrency revolving credit facility agreement with Credit Suisse
as the bookrunner, lead arranger and issuing bank. The credit
facility was successfully syndicated to a group of leading
international banks.
The Company recently announced that it has repaid approximately USD
200 million of high yield debt. AMG will repay substantially all of
its existing credit facilities with other financial institutions
using the proceeds of the new USD 100 million term loan. Other than
for the issuance of certain commercial letters of credit, the USD 175
million revolving facility was undrawn at closing.
The new credit facility has lowered AMG's interest costs and provides
significant additional liquidity to accelerate its expansion plans
and strategic growth opportunities.
About AMG
AMG, incorporated in the Netherlands, is a leading global specialty
materials company offering highly engineered metallurgical products
and advanced vacuum furnace systems to a broad range of end markets.
AMG utilises its proprietary know-how to supply sophisticated metals
and materials through its production and sales activities in 12
countries on five continents. In addition, AMG designs, engineers and
produces advanced vacuum furnace systems for growing industries
globally. AMG's metallurgical expertise has enabled it to capture
leading market positions for many of its products and systems. Most
of AMG's products and systems are critical to the production of key
components for the aerospace, energy (including solar and nuclear),
electronics, optics, chemicals, construction and transportation
industries. AMG is organised into two business units: Advanced
Materials and Engineering Systems.
The Advanced Materials unit develops and produces niche specialty
metals and complex metals products, many of which are used in
demanding, safety-critical, high-stress environments. AMG is one of a
limited number of significant producers globally of niche specialty
metals, such as ferrovanadium, ferronickel-molybdenum, ferrotitanium,
aluminium master alloys and additives, silicon metal (including solar
grade), chromium metal and magnesium alloys, used by steel,
aluminium, silicones and superalloy producers for aerospace, energy,
electronics, optics, chemicals, construction and transportation
applications.
The Engineering Systems unit designs, engineers and produces advanced
vacuum furnace systems and operates vacuum heat treatment facilities.
AMG sells vacuum furnace systems to customers in the aerospace,
energy (including solar and nuclear), transportation, electronics,
superalloys and specialty steel industries.
AMG operates globally with production facilities in Germany, the
United Kingdom, France, the United States, Canada, Mexico, Brazil and
Australia and also has sales and customer service offices in Belgium,
Russia, China and Japan (website: www.amg-nv.com).
For further information please contact:
AMG Advanced Metallurgical Group N.V. +1 610
293 2508
Bill Levy
Chief Financial Officer
blevy@amg-nv.com
