Numico Receives Money To Build Business

Numico Receives Money To Build Business

ZOETERMEER, The NetherlandsRoyal Numico N.V. announced June 11 itarranged a fully underwritten, unsecured bank facility of 1.25 billion euroswith a group of international banks. As part of this financing package, Numicolaunched a subordinated convertible bond of approximately 300 million euros,which will enable the company to repay current outstanding senior debt inaddition to 2004 and 2005 convertible bonds by or at their respective maturitydates. The refinancing ... creates the optimal environment for Numico tofocus on its core cash generatorsBaby Food and Clinical Nutritionand tosecure the turnaround at GNC, said Jan Bennink, chief executive officer.