Altran Technologies: Finalised Agreement for Credit Facilities of up to EUR 150 m.PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. -- Altran Technologies has completed negotiations with its three major banks: BNP Paribas BNP Paribas (Euronext: BNP, TYO: 8665 ) is one of the main banks in Europe and France. It was created on 23 May 2000 through the merger of Banque Nationale de Paris (BNP) and Paribas. , Credit Agricole Ile de France and the Societe Generale. The Group now has access to bank credit facilities credit facilities npl → facilidades fpl de crédito credit facilities npl → facilités fpl de paiement credit facilities up to EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 150 m. Credit is to be amortized on a half-yearly basis until 31st December 2009. The new applicable covenants for the credit facilities are now as follows:
Gearing (1) Net Debt / Ebitda (2)
31/12/2004 1,4 5,0
31/12/2005 1,15 3,5
31/12/2006 1,0 3,0
31/12/2007 1,0 2,5
31/12/2008 1,0 2,0
31/12/2009 1,0 2,0
(1) The Net Debt excludes employee profit sharing and accrued
interests
(2) The Ebitda is calculated before employee profit sharing
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