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Zumtobel Group refinances existing loan agreement to 2016
16.11.2011

Dornbirn / Austria – The Zumtobel Group has concluded a new syndicated loan agreement with a maximum line of EUR 500 million and a five-year term ending on 28 October 2016. This facility was placed with a syndicate of seven banks led by Commerzbank AG, Raiffeisen Bank International AG and UniCredit Bank Austria AG. The new loan replaces the existing syndicated facility of EUR 480 million that was concluded in 2008 and would have expired in June 2013.

 

“This new loan agreement allows the Group to refinance at an early stage. It will give us the necessary long-term financial security in these times of growing uncertainty on the capital markets. Our solid financial data and the successful, long-range business model of the Zumtobel Group were the factors that made this step possible,“ commented CFO Mathias Dähn.   

 

Members of the bank syndicate:

Commerzbank AG

Raiffeisen Bank International AG

UniCredit Bank Austria AG

Bank für Tirol und Vorarlberg Aktiengesellschaft

Raiffeisenlandesbank Oberösterreich Aktiengesellschaft

SEB AG

Vorarlberger Landes- und Hypothekenbanken Aktiengesellschaft




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