DGAP-News: HOMAG Group AG enjoys good credit standing
(firmenpresse) - Homag Group AG / Miscellaneous
16.02.2010 13:43
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New syndicated loan agreement signed with a higher volume
Schopfloch, February 16, 2010. HOMAG Group AG has concluded a new
syndicated loan agreement with a syndicate of banks led by the Mandated
Lead Arrangers Deutsche Bank, Commerzbank and BW-Bank, which was signed on
February 15, 2010. The new agreement has a volume of EUR 198 million and a
term of three years and, like the previous agreement which it is replacing,
is contingent on us complying with certain covenants. The principal is ten
percent higher than in the previous syndicated loan agreement. CFO Andreas
Hermann considers this evidence of the high credit standing that HOMAG
Group AG enjoys with the banks.
Talks had been initiated with the banks at an early stage in the second
half of 2009, as the previous agreement was due to expire in July 2010.
'Having successfully concluded the agreement, we have secured our liquidity
until February 2013,' says Andreas Hermann.
Background information
With its 16 specialized production companies worldwide, 20 group-owned
sales and service companies and approximately 60 exclusive sales partners,
HOMAG Group AG's market position is excellent and its portfolio as a
comprehensive system supplier and technology partner makes it unique.
Backed by a workforce of some 5,000 employees, the company sees itself as
the leading global manufacturer for plant and machinery for the woodworking
industry for the production of furniture and construction elements as well
as prefabricated houses. The group also offers its customers a wide range
of services in related areas for production machines and equipment. HOMAG
Group AG shares have been trading on the Prime Standard of the Frankfurt
Stock Exchange since July 13, 2007 and were listed on the SDAX of the
German Stock Exchange on October 2007.
Information:
HOMAG Group AG
Investor Relations
Simone Mueller
Phone: +49 7443 13-2034
simone.mueller(at)homag-group.com
www.homag-group.com
16.02.2010 13:43 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: Homag Group AG
Homagstr. 3-5
72296 Schopfloch
Deutschland
Phone: +49 (0)7443 / 13 - 0
Fax: +49 (0)7443 / 13 - 2300
E-mail: info(at)homag-group.de
Internet: www.homag-group.de
ISIN: DE0005297204
WKN: 529720
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Hannover, Düsseldorf, Stuttgart, Hamburg
End of News DGAP News-Service
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Datum: 16.02.2010 - 13:43 Uhr
Sprache: Deutsch
News-ID 17059
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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