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Arnhem, The Netherlands – April 10, 2006  
ARCADIS optimizes its finance structure  
 

ARCADIS (NASDAQ: ARCAF, EURONEXT: ARCAD), an international consulting and engineering company, announced today that it has reached agreement with a number of banks on new financing facilities. This involves a refinancing and centralization of nearly all group debt and bonding facilities. To date, the ARCADIS Group is financed locally and cash management is decentralized. This situation was suboptimal. By arranging financing centrally, the Company can create the ability to reduce financing charges, while creating greater financial flexibility when pursuing acquisitions.

The new centralized finance structure consists of three components, all of which have been closed at market rates.

A term loan of USD 90 million
This loan has been used to retire the bridge loan that was taken in relation to the acquisition of Blasland, Bouck & Lee (BBL) at the end of September 2005. Half of this loan matures after five years, the other half after seven years. ABN AMRO Bank NV, ING Wholesale Banking and Rabobank participate in the term loan for equal parts.

Uncommitted multicurrency facilities of € 100 million
These facilities have been provided by four banks: ABN AMRO Bank NV, BNP Paribas, ING Wholesale Banking and Rabobank. It will be used for financing of working capital.

An uncommitted bonding facility of € 50 million
This uncommitted bonding facility has been awarded to ABN AMRO Bank NV.

ARCADIS is an international company providing consultancy, engineering and management services in infrastructure, environment and facilities, to enhance mobility, sustainability and quality of life. ARCADIS develops, designs, implements, maintains and operates projects for companies and governments. With more than 10,000 employees and over € 1 billion in gross revenue, the company has an extensive international network that is supported by strong local market positions.

Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results in future periods to differ materially from forecasted results. Those risks include, among others, risks associated with possible changes in environmental legislation and risks with regard to the Company's ability to acquire and execute projects. These are other risks are described in ARCADIS' filings with the Securities and Exchange Commission over the last 12 months, copies of which will be available from the SEC or may be obtained upon request from the Company.


 

Press contact

Contact
Joost Slooten
ARCADIS NV
Tel: 026 3778 604

 

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