Brussels-At the end of December 2004, Belgian foam group Recticel finalised an agreement with ten prominent European banks for a new syndicated loan amounting to Euro 250 million. This new credit facility, which runs for four years, replaces the previous syndicated loan of Euro 225 million, due to expire at the end of 2006, said a company statement. The agreement "boosts Recticel's current financial structure and offers the necessary guarantees to safeguard the future growth of the Group," Recticel said"
