Hill International Closes on $165 Million Debt Refinancing with Societe Generale

MARLTON, N.J., Sep 26, 2014 (GLOBE NEWSWIRE via COMTEX) Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has successfully closed a refinancing of the company s senior debt facilities with Societe Generale. This transaction, which was arranged by SG Americas Securities, LLC, the U.S. broker-dealer affiliate of Societe Generale Corporate and Investment Banking, has provided senior secured debt facilities to Hill in the aggregate principal amount of $165.0 million. The debt facilities consist of a six-year term loan facility of $120.0 million and five-year revolving credit facilities totaling $45.0 million. The revolving credit facilities include a $30.0 million U.S. dollar-denominated facility made available to Hill and a $15.0 million Euro-denominated facility made available to Hill s subsidiary Hill International N.V. The revolving credit facilities also include a $35.0 million sub-limit for letters of credit with $25.0 million al
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