Belgian Baker Vanobake Signs 30 Million-Euro Revolving Credit

Vanobake NV, a family-owned Belgian baker, obtained a 30 million-euro ($38 million) revolving credit facility from three banks.

The multicurrency loan will be added to an existing 123.5 million-euro facility signed in 2007 that’s due to expire in December 2014, according to an e-mailed statement from KBC Bank NV, the agent for the financing. BNP Paribas’s Fortis Bank NV and ING Bank NV acted as mandated lead arrangers.

To contact the reporter on this story: Stephen Morris in London at smorris39@bloomberg.net.

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net.