Agility Global PLC’s subsidiary has signed a credit facility agreement with a number of regional and international banks for a total amount estimated at $1.4bn consisting of Euros 1bln and $ 370 mln.  The facility has maturities of 3 years and 5 years from signing.  

This new credit facility will be used to fund ongoing operations and future growth as well as settling outstanding liabilities including inter-company balances.

As part of the refinancing, Agility Global and its subsidiaries will also be entering into various uncommitted credit lines with relationship banks in order to manage ongoing business operations in the ordinary course of business.  This can include issuing trade guarantees, executing foreign exchange and interest hedging as well as other cash management related lines such as short-term overdrafts. There is no change in the liabilities of the Company as of today as a result of this.