Martens en Van Oord
Amending and expanding the financing package
- Martens en Van Oord is one of the leading companies in the Netherlands specialised in roadworks and civil and hydraulic engineering and has been so for over 35 years. Through innovative and sustainable solutions MVO contributes to areas such as (water) safety, mobility, water quality, nature development and quality of life. With projects in amongst others the Port of Antwerpen, Brunsbüttel and the Baltic Sea MVO is an international player;
- In 2020/2021 Avaxa assisted MVO in amending and expanding its EUR 35mln financing package with Rabobank, Liberty Mutual, Atradius and Tryq Garanti, which allows MVO to continue to pursue its strategy of growth;
- Avaxa assisted MVO in amongst others developing a financial model including multi-year projections and composing a Request for Amendments for the existing lenders and surety providers
- Next to an improvement across the full range of terms and conditions and an increase of the facilities by adding a new surety provider to the lender base, we managed to include an attractive TLTRO discount, further lowering the cost of debt;
- The amended financing package provides MVO with more financial and operational flexibility and headroom at very attractive commercial terms;
- Supported by tight process management from Avaxa a successful Closing was realised.
