DGAP-News: EnviTec Biogas AG successfully places EUR 30 million note loan
(firmenpresse) - DGAP-News: EnviTec Biogas AG / Key word(s): Miscellaneous
EnviTec Biogas AG successfully places EUR 30 million note loan
25.09.2012 / 09:00
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EnviTec Biogas AG successfully places EUR 30 million note loan
Lohne, September 25, 2012 - EnviTec Biogas [ISIN: DE000A0MVLS8] has
successfully placed a EUR 30 million note loan with German institutional
investors to finance its growth. The company, which specialises in the
construction and operation of biogas plants, will use the proceeds from the
issue for general corporate financing purposes and, in particular, to
expand its high-margin own plant operation activities. Bremer Landesbank
acted as Sole mandated Lead Arranger.
The operation of biogas plants - alone or with partners - is an activity
that is characterised by stable cash flows and good margins, which is why
EnviTec is aggressively expanding this segment. At the end of June 2012,
the company had biogas plants with an electrical output of 44.9 MW on line
- 20.4 MW more than in the previous year. EnviTec Biogas aims to have some
52 MW connected to the grid by the end of 2012 and to further expand its
capacity thereafter.
The issue was divided into tranches with fixed and floating interest rates
and into terms of three years, five years and seven years. Based on current
interest rate levels, interest rates are below 4 percent p.a., with the
main emphasis on the medium maturity segment. 'The note loan has given us
access to mid-term capital at attractive conditions in a challenging
funding environment and helps us to diversify our funding structure,' said
Jörg Fischer, CFO of EnviTec Biogas AG. 'We interpret the great interest
shown by investors as a sign of confidence in our creditworthiness and our
business model.'
'We are pleased about investors' interest in the debut issue of what is one
of the most successful companies from our region in the renewable energy
sector,' said Thomas Scheufen, departmental head at Bremer Landesbank.
Besides bank loans and bonds, note loans are another form of financing,
that are increasingly gaining importance also
among medium-sized companies in the current capital market environment. A
note loan is a large loan similar to a bond for companies with excellent
credit ratings. In the past, Bremer Landesbank has lead arranged and
structured several corporate issues and developed customised solutions for
its clients in the context of these mandates.
About Bremer Landesbank:
With Hanseatic down-to-earthness and at the same time modern and highly
professional: that's Bremer Landesbank. Close to the market and to people,
the bank is strongly committed to its region in north-western Germany. It
is from here that it supports its customers with first-class concepts,
presenting itself with a sustainable, strong earning power and financial
soundness. More than 1,000 dedicated employees in Bremen and Oldenburg
guarantee these qualities. With a business volume of more than EUR 40
billion, Bremer Landesbank is the biggest regional bank between the Ems and
Elbe rivers. Its owners are Norddeutsche Landesbank with a 54.8%
shareholding, the Federal state of Bremen, which holds 41.2%, and the
Association of the Savings Banks of Lower Saxony with 4.0% of the shares.
Press contact:
Ina Malinowski
Telefon +49-421-332-2540
Telefax +49-421-332-2278
mailto:ina.malinowski(at)bremerlandesbank.de
About EnviTec Biogas AG
EnviTec Biogas AG covers the entire value chain for the production of
biogas, including the planning and turnkey construction of biogas plants as
well as their commissioning. The company takes charge of biological and
technical services on demand and also offers full plant and operational
management. In addition, EnviTec also operates its own biogas plants. In
2011 EnviTec Biogas established EnviTec Energy GmbH&Co. KG and its 100%
subsidiary EnviTec Stromkontor GmbH&Co. KG, expanding its business
operations into the direct marketing of upgraded biomethane as well as the
marketing of green electricity and balancing energy. Today, EnviTec Biogas
AG is represented in 15 countries throughout Europe, as well as in India
and the USA. In 2011 EnviTec generated revenues of EUR 243.9 million and an
EBIT of EUR 10.8 million. The EnviTec Group currently has 470 employees.
EnviTec has been listed on the Prime Standard segment of the Frankfurt
Stock Exchange since July 2007.
Press contact:
Katrin Selzer
EnviTec Biogas AG
Tel: +49 25 74 88 88 - 810
E-mail: k.selzer(at)envitec-biogas.de
Investor Relations:
Olaf Brandes
EnviTec Biogas AG
Tel: +49 44 42 8016 - 8130
E-mail: ir(at)envitec-biogas.de
End of Corporate News
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25.09.2012 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,
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Language: English
Company: EnviTec Biogas AG
Industriering 10a
49393 Lohne
Germany
Phone: +49 (0) 44 42 - 80 65 0
Fax: +49 (0) 44 42 - 80 65 103
E-mail: info(at)envitec-biogas.de
Internet: www.envitec-biogas.de
ISIN: DE000A0MVLS8
WKN: A0MVLS
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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186241 25.09.2012
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