WSW has been recently working to improve the guarantee system. In that context, lenders were already informed about new loan and security documentation in mid-2021. At the time, lenders were also informed about the new backstop agreements that WSW concluded with the Dutch State and the municipalities in 2021. WSW announced then that it also intended to renew the old backstop agreements 1999, which continued to exist alongside the backstop agreements 2021. Through a letter with annexes dated 10 July 2023, WSW informed all secured lenders about it.
These new backstop agreements aim to amend all existing backstop agreements between WSW and the State and between WSW and municipalities, so that only one set of conditions will apply with the State and for each municipality.
The letter as well as all its annexes can be found on the right side of this page.
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