DGAP-News: SMARTRAC Further Strengthens its Financial Flexibility by a EUR 100 Million Term and Revolving Facilities Agreement
(firmenpresse) - DGAP-News: SMARTRAC N.V. / Key word(s): Miscellaneous
SMARTRAC Further Strengthens its Financial Flexibility by a EUR 100
Million Term and Revolving Facilities Agreement
29.06.2012 / 09:00
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Amsterdam, June 29, 2012 - SMARTRAC N.V., the leading developer,
manufacturer and supplier of RFID transponders and inlays, today announced
that it refinances its EUR 65 million term and multicurrency revolving
facilities agreement maturing on June 30, 2012.
SMARTRAC has signed a EUR 100 million term and revolving facilities
agreement replacing the syndicated EUR 65 million term and multicurrency
revolving facilities agreement concluded in 2009 with Deutsche Bank and
Berenberg Bank.
The new EUR 100 million term and revolving facilities agreement concluded
with a syndicate of five banks matures on December 30, 2016. Deutsche Bank
AG acted as Mandated Lead Arranger and Bookrunner for the new term and
revolving facilities agreement and Deutsche Bank Luxembourg S.A. as Agent.
Commerzbank Aktiengesellschaft, Stuttgart, and Landesbank Baden-Württemberg
acted as Mandated Lead Arrangers, NIBC Bank N.V. acted as Senior Lead
Arranger, and Berenberg Bank Joh. Berenberg, Gossler&Co. KG acted as Lead
Arranger.
'We are very pleased that we have strong financial partners on our side',
said Dr. Christian Fischer, CEO of SMARTRAC. 'The increased amount, longer
duration and further diversification of the bank syndicate is not only a
sign of huge trust placed in our company and business strategy, but also
provides the financial flexibility for future growth opportunities for
SMARTRAC.'
About SMARTRAC:
SMARTRAC is the leading developer, manufacturer, and supplier of RFID and
NFC transponders and inlays. The company produces ready-made and customized
transponders and inlays used in access control, animal identification,
automated fare collection, border control, RFID-based car immobilizers,
electronic product identification, industry, libraries and media
management, laundry, logistics, mobile&smart media, public transport,
retail, and many more.
SMARTRAC was founded in 2000, went public in July 2006, and trades as a
stock corporation under Dutch law with its registered headquarters in
Amsterdam. The company currently employs about 4,000 employees and
maintains a global research and development, production, and sales network.
If you have any questions, please contact:
Tanja Moehler
Head of Corporate Communications&Marketing
SMARTRAC N.V.
Phone: +31 20 30 50 157
Email: tanja.moehler(at)smartrac-group.com
Internet: www.smartrac-group.com
Twitter: www.twitter.com/SMARTRAC_NV
Forward-looking statements:
To the extent that this press release contains forward-looking statements,
such statements are based on assumptions, planning and forecasts at the
time of publication of this press release. Forward-looking statements
always involve uncertainties. Business and economic risks and developments,
the conduct of competitors, political decisions and other factors may cause
the actual results to be materially different from the assumptions,
planning and forecasts at the time of publication of this press release.
Therefore, SMARTRAC N.V. does not assume any responsibility relating to
forward-looking statements contained in this press release. Furthermore,
SMARTRAC N.V. doesnot assume any obligation to update the forward-looking
statements contained in this press release.
End of Corporate News
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29.06.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: SMARTRAC N.V.
Strawinskylaan 851
1077 XX Amsterdam
Netherlands
Phone: +31 20 30 50 157
Fax: +31 20 30 50 155
E-mail: investor.relations(at)smartrac-group.com
Internet: www.smartrac-group.com
ISIN: NL0000186633
WKN: A0JEHN
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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175901 29.06.2012
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Datum: 29.06.2012 - 09:00 Uhr
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News-ID 161274
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