Amendment of Credit Facility
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Private Equity Holding AG /
Amendment of Credit Facility
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Amendment of Credit Facility
NEWS RELEASE
Zug, June 26, 2013
Private Equity Holding AG (PEH) and the consortium of two Austrian Banks
providing the revolving credit facility for PEH have agreed on the following
amendments today: 1. The credit facility will be reduced by EUR 10 million to
EUR 10 million as from July 1, 2013, thereby also reducing the commitment fee by
50%. 2. Capital Bank - Grawe Gruppe AG, Graz, is the sole counterparty for PEH
from July 1, 2013 until the contractual termination of the credit facility on
December 31, 2013. 3. PEH will have full control over 181,000 currently pledged
treasury shares from July 1, 2013. As already disclosed, the Board of Directors
proposes to the general assembly (scheduled for July 4, 2013) a tax-exempt
cancellation of 375'000 treasury shares.
***
Private Equity Holding AG (SIX: PEHN), managed by Alpha Associates, offers
investors the opportunity to invest, within a simple legal and tax optimized
structure, in a broadly diversified and professionally managed private equity
portfolio.
For further information, please contact:
Peter Wolfers, Investor Relations, peter.wolfers(at)peh.ch, phone +41 41 726 79 80
or http://www.peh.ch
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Private Equity Holding AG via Thomson Reuters ONE
[HUG#1712266]
Unternehmensinformation / Kurzprofil:
Datum: 26.06.2013 - 18:07 Uhr
Sprache: Deutsch
News-ID 273623
Anzahl Zeichen: 2207
contact information:
Town:
Zug
Kategorie:
Business News
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