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Pipelife signed its EUR 165 million 5 year Multicurrency Credit Facilities

Vienna, October 24, 2005
Pipelife International through its subsidiary Pipelife Finance B.V. today signed its EUR 165 million 5 year Multicurrency Credit Facilities through Mandated Lead Arrangers Bank Austria Creditanstalt AG, Fortis Bank (Nederland) N.V., and SEB Merchant Banking. The Credit Facilities are split into a EUR 75m Multicurrency Term Loan, EUR 75m Multicurrency Revolving Credit Facility, along with EUR 15m Ancillary Facilities.

The Facilities were significantly oversubscribed with banks commitments being scaled back, only having targeted core relationship banks. The Facility will be used to refinance Pipelife’s existing EUR 190m Multicurrency credit Facilities dated 24th March 2004 and for general corporate purposes.

Pipelife is one of the world’s leading suppliers of plastic pipe systems, currently present in 26 countries. It manufactures and markets a wide range of quality pipe systems, providing tailor-made solutions for municipal infrastructure as well as for the industrial and house-building sectors. Pipelife is a JV between Solvay of Belgium and Wienerberger of Austria.


Mr. Michael Schütz
Corporate Treasury, Pipelife
Tel: +43 2236 439 3918
michael.schuetz@pipelife.com

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Pipelife International GmbH
Triester Strasse 14
2351 Wr. Neudorf / Austria

tel: +43.2236.43939-0
fax: +43.2236.43939-6

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