Press Archives

Zumtobel Group refinances existing loan agreement until 2020
04.12.2015
Dornbirn / Austria – At the beginning of December the Zumtobel Group refinanced its existing syndicated loan agreement ahead of the original October 2016 maturity date. Through this step, the Austrian lighting group has secured the long-term availability of liquidity on favorable terms. The new syndicated loan agreement has a tenor of five years with the possibility to extend for a further two years (5+1+1 ruling) and a drawdown limit of €300 million. The agreement contains a step-up clause raising the credit line by up to €200 million. The agreement was concluded with a syndicate of seven banks under lead management of Commerzbank AG, Raiffeisen Bank International AG and UniCredit Bank Austria AG.

“I am very pleased that we have been able to secure our long-term financing through the new loan agreement and at the same time benefit from the current attractive credit market conditions. This puts the company on a very sound financial footing with the necessary internal and external funds to finance its sustainable growth plans,” said Zumtobel Group CFO Karin Sonnenmoser.

Members of the banking syndicate: 
Commerzbank AG
Raiffeisen Bank International AG
UniCredit Bank Austria AG
Bank für Tirol und Vorarlberg Aktiengesellschaft
HSBC Trinkaus & Burkhardt AG
SEB AG
Vorarlberger Landes- und Hypothekenbanken Aktiengesellschaft


Media contact
Astrid Kühn-Ulrich
VP Global Communications
Tel. +43-(0)5572 509-1570
astrid.kuehn@zumtobelgroup.com

Investor Relations

Harald Albrecht
VP Investor Relations
Tel. +43-(0)5572 509-1125
harald.albrecht@zumtobelgroup.com


pag_text_image - 0 9695



share it




Download

schließen
weiter
|
zurück
Zur Download-Liste hinzufügen