Van 't Hek
Optimising existing financing agreement through Amend & Extend
- Van 't Hek Groep is a family owned all-round provider in the field of foundation techniques;
- After some difficult years, the financial performance had improved considerably resulting in a situation where the financing package did no longer match nor reflect Van ‘t Hek’s significantly improved credit profile and strategic ambitions;
- In 2016 Avaxa was engaged by Van ‘t Hek to assist in refinancing its existing financing package with its longstanding incumbent bank Rabobank;
- Avaxa performed financial modelling, benchmarked the existing terms & conditions to identify improvement potential for Van ‘t Hek, composed a Request for Amendments that was put forward to Rabobank, supported in negotiations with Rabobank and coordinated the entire process towards closing; and
- Through the refinancing Van 't Hek significantly improved terms and conditions including enhanced operational and financial flexibility, allowing it to pursue its strategy of further growth.