In January 2020, Signify announced that it has signed new committed financing facilities to replace its current term loans of EUR 740 million and USD 500 million, and its existing revolving credit facility of EUR 500 million which were due to expire in May 2021.
The new committed term loan structure consists of EUR 400 million and USD 275 million with a maturity of three years (January 2023) and EUR 340 million and USD 225 million with a maturity of five years (January 2025). The new committed EUR 500 million multi-currency revolving credit facility (RCF) has a maturity of five years (January 2025), with the option to extend it twice by one year at the end of the first and second anniversary. These new facilities have similar terms to the previous facilities. More information can be found here.