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Deceuninck wrapped up financial restructuring

September 25/2009
September, 24 (plasteurope.com) -- After months of negotiations, PVC window profile manufacturer Deceuninck has completed the process of restructuring its credit arrangements. A new long-term framework agreement has been reached with lenders, paving the way for the planned capital increase.

The company hopes that the issue of new shares – which was originally initiated by former CEO Clement de Meersman, who has meanwhile left the company – will yield around EUR 85m. Management wants to use half the proceeds to repay long-term debts.



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