DGAP-News: OHB SE
/ Key word(s): Financing
Bremen, June 3, 2020 OHB SE (Prime Standard, ISIN DE0005936124) has today entered into a new credit facility agreement, which replaces the existing agreement ahead of schedule. In the course of the refinancing, the credit volume was increased from EUR 225 million to EUR 300 million, with a term of five years and two extension options of one year each.
The increased credit volume and the extended term support OHB SE's strategic orientation and further growth. With the conclusion of this contract, the Group is optimising its existing financing structure against the backdrop of the current high level of uncertainty concerning the performance of the financial markets and substantially increasing the degree of certainty and predictability with respect to the medium-term liquidity situation.
The new credit facilities are being provided by a syndicate of long-standing principal banks, including Bayerische Landesbank, Commerzbank AG, Deutsche Bank AG, Landesbank Baden-Württemberg, Unicredit Bank AG and Landesbank Hessen-Thüringen Girozentrale. OHB SE was advised on the refinancing by financial consultants Herter & Co. and the law firm Taylor Wessing.
Tel.: +49 421 - 2020-7200
Fax: +49 421 - 2020-613
Tel.: +49 421 - 2020-9438
03.06.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Phone:||+49 (0)421 2020 8|
|Fax:||+49 (0)421 2020 613|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1061815|
|End of News||DGAP News Service|