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OHB SE Secures New Financing for Growth

Stock price chart of OHB AG (EBR:OHB) showing fluctuations.

OHB SE has announced a new credit facility agreement to replace its prior agreement ahead of schedule. The new arrangement increases the company's credit limit from EUR 300 million to EUR 350 million, extending over five years and including two optional one-year extensions. This move aligns with OHB SE's strategic growth plans.

Kurt Melching, CFO of OHB SE, highlighted the improved terms and enhanced financial flexibility achieved through this agreement. The restructuring of this facility represents a pivotal step in securing the company's future expansion endeavors. The consortium providing this credit includes notable banks such as Bayerische Landesbank and Commerzbank, demonstrating confidence in OHB's strategic direction.

R. E.

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