DGAP-News: Schaltbau Holding AG / Key word(s): Banking Syndicate/Financing
Munich, 17 June 2019. Today, the Schaltbau Group agreed terms for new syndicated financing arrangements amounting to EUR 103 million. Schaltbau and a syndicate of six banks under the joint lead management of Commerzbank AG and UniCredit Bank AG signed a corresponding agreement. The financing runs for a term of three years with two options to extend for one year in each case.
The new financing arrangements constitute the main component of the Schaltbau Group's comprehensive refinancing. Including a receivables securitisation programme and the continuation of promissory notes for a period of at least three years, the total amount of new debt financing will be in the region of EUR 150 million. Together with the funds raised in the previous year's share capital increase, Schaltbau is now also well-equipped for the future in financial terms.
17.06.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||Schaltbau Holding AG|
|Phone:||+49 89 - 93005 - 209|
|Fax:||+49 89 - 93005 - 398|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange|
|EQS News ID:||825695|
|End of News||DGAP News Service|