Marel hf. - Other information disclosed according to the rules of the Exchange

Marel - Extension and amendment of financing facilities finalized

With reference to Marel’s Q1 2017 announcement made on May 3, 2017, regarding
extension and amendment of the company’s financing facilities, it can be
confirmed that all documentation has now been finalized and the agreement
becomes effective as of today, May 5, 2017. 

This provides Marel with increased strategic and operational flexibility to
support the ambitious growth plan introduced at Marel’s Annual General Meeting
in March 2017. 

Linda Jonsdottir CFO of Marel:
“We are pleased to announce an extension to and amendments of our financing
agreement which provides us with increased operational and strategic
flexibility to support our ambitious growth plan. We are grateful for the
continued trust from our banking partners and appreciate the very good
cooperation.“ 

The extended and amended financing is at favorable terms and conditions
reflecting Marel’s financial strength and current market conditions. The all
senior loan facilities are approximately 640 million EUR and include a EUR 325
million revolving credit facility, a EUR 243 million term loan as well as a USD
75 million term loan. The initial interest terms are EURIBOR/LIBOR + 185 bps
and will vary in line with Marel’s leverage ratio (Net debt/EBITDA) at the end
of each quarter. The final maturity is in May 2022.