DGAP-News: Wittur Holding GmbH
/ Key word(s): Bond/Financing
Wittur Group intends to refinance its existing debt capital structure
In connection with the refinancing, the Wittur Group intends to refinance its existing term loan B facility and repay a portion of the amounts drawn under its revolving credit facility with a new EUR 530 million term loan B facility with a 7 year maturity. The existing EUR 90 million revolving credit facility will be refinanced and extended with a new 6.5 year maturity.
The Wittur Group also intends to redeem its existing EUR 225 million of senior notes (ISIN: XS1188024548, XS1188025438) with a new, privately-placed second lien instrument with an 8-year maturity in connection with the refinancing.
Wittur is seeking to refinance its existing debt in the context of strong trading performance driven by a strong product offering and supportive market fundamentals. The Wittur Group generated revenues of EUR 798.3 million for twelve months ended 30 June 2019. EBITDA Adjusted for the twelve months ended 30 June 2019 was EUR 120.1 million.
The refinancing is subject to market conditions and has not been committed. As such, the terms of the refinancing have not yet been finalised and the refinancing may not occur on the terms described above, or at all.
A conference call for investors and analysts will take place on September 10, 2019 at 3 p.m. UK time / 4 p.m. CEST. The dial-in details will follow separately.
Investor Relations Contact
09.09.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||Wittur Holding GmbH|
|Phone:||+49 (0)8134 18 - 0|
|Fax:||+49 (0)8134 18 - 49|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Stuttgart|
|EQS News ID:||868621|
|End of News||DGAP News Service|