SURTECO GROUP SE Secures Extended Financing Through 2029

SURTECO GROUP SE has successfully extended its existing financing agreement until December 2029. The agreement, reached with financing syndicate banks and promissory note holders, aims to strengthen the company's financial position, earnings, and liquidity. A significant measure includes the suspension of dividend payments during the restructuring period.

The company has agreed to maintain a minimum liquidity threshold and to adjust financial covenants to align with its current financial situation. Collateral in the form of share pledges and security interests has been provided. SURTECO is reviewing potential sales of its Profiles and Edgebands divisions to lower financial liabilities, with proceeds expected to aid in liability reductions.