RHJ International: Niles Bolsters its Capital Structure
RHJ International ("RHJI") announced today that its automotive
portfolio company, Niles Co. Ltd. ("Niles"), reinforced its capital
structure through a total capital injection of JPY 6 billion of which
JPY 3.5 billion was provided by RHJI, reducing its ownership in Niles
to 77.3% of total outstanding equity. Part of the proceeds was used
to repay JPY 2.5 billion of short-term debt that was previously
secured by a cash deposit from RHJI. Furthermore, syndicate lenders
agreed on a refinancing of the existing debt structure with new
bullet loans maturing in June 2011.
RHJ International (Euronext: RHJI) is a diversified holding company
focused on creating long-term value for its shareholders by
acquiring and operating businesses in attractive industries. For
further information visit www.rhji.com.
Arnaud Denis
Investor Relations Director
RHJ International
Tel. +32 2 643 60 13
http://www.rhji.com
investor-relations@rhji.com
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
