on SÜSS MicroTec AG (ETR:SMHN)
SUSS MicroTec Secures €115 Million Syndicated Loan Agreement
SUSS MicroTec SE, a prominent player in the semiconductor industry, has finalized a new syndicated loan agreement totaling €115 million. This contract, which includes several key European banks, spans five years and offers two optional extensions of one year each.
This new financial arrangement, which significantly increases the previous loan of €56 million, is tailored to support the company's growth strategy up until 2030. According to CFO Dr. Cornelia Ballwießer, the loan not only enhances financial flexibility but also bolsters liquidity amidst industry fluctuations.
The funding will address general corporate financing needs and the refinancing of existing loans, ahead of the expiration of the earlier agreement in October 2026.
R. P.
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