DGAP-News: Schaltbau Holding AG: Schaltbau concludes new syndicated financing arrangements totalling EUR 103 million

2019. június 17., hétfő, 12:29





DGAP-News: Schaltbau Holding AG / Key word(s): Banking Syndicate/Financing


Schaltbau Holding AG: Schaltbau concludes new syndicated financing arrangements totalling EUR 103 million


17.06.2019 / 12:29



The issuer is solely responsible for the content of this announcement.



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.



Contact

Wolfgang Güssgen

Head of Investor Relations & Corporate Communications

Schaltbau Holding AG

Hollerithstraße 5

81829 Munich

Germany

T +49 89 93005-209
guessgen@schaltbau.de
www.schaltbaugroup.de


About Schaltbau

With annual sales in the region of EUR 500 million and around 3,000 employees, the Schaltbau Group is an internationally leading supplier of components and systems in the field of transportation technology and the capital goods industry. With Bode and Pintsch as their core brands, Schaltbau Group companies develop a wide range of high-quality technologies and customer-specific solutions for rolling stock, rail infrastructure, road vehicles and a range of other industrial applications. The Group"s portfolio includes high- and low-voltage components, door and boarding systems, interior fittings for rolling stock, complete level crossing systems, and shunting and signal technology. Its innovative products make Schaltbau a key industrial supplier, particularly in the field of transportation technology and for industrial applications that require DC switching technology in future-oriented markets such as new energy, e-mobility, the DC industry and smart building.



Disclaimer

This corporate news contains statements regarding future developments based on information currently available to us. As a result of risks and uncertainties, actual outcomes could differ from the forward-looking statements made. Schaltbau Holding AG does not intend to update these forward-looking statements.
















17.06.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de





























Language: English
Company: Schaltbau Holding AG

Hollerithstraße 5

81829 Munich

Germany
Phone: +49 89 - 93005 - 209
Fax: +49 89 - 93005 - 398
E-mail: guessgen@schaltbau.de
Internet: www.schaltbaugroup.de
ISIN: DE000A2NBTL2
WKN: A2NBTL
Indices: Prime Standard
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





825695  17.06.2019 



fncls.ssp?fn=show_t_gif&application_id=825695&application_name=news&site_id=geo_holding_tug
Tilos a hír bármilyen adatbázisba történő mentése vagy annak továbbítása harmadik fél számára;kereskedelmi viszonylatban vagy kereskedelmi céllal csak a Deutsche Gesellschaft für Ad-hoc-Publizität mbh írásos engedélyével történhet.