GEA Group Aktiengesellschaft: GEA secures favorable 650 M club deal until 2020
(firmenpresse) - (DGAP-Media / 28.08.2013 / 10:30)
GEA secures favorable 650 M club deal until 2020
Düsseldorf, August 28, 2013 - GEA Group Aktiengesellschaft achieved a
further step in securing its long-term funding by a new syndicated credit
line ('club deal') of EUR 650 million. This club deal replaces an earlier
one of same volume which would have come due in June 2015. GEA Group's
financing structure could be improved yet again by further extending
maturities and lowering credit spreads. The term of the credit line is for
5 years with two successive extension options of one year each until August
2020 in total. Furthermore, GEA successfully negotiated better terms in the
credit documentation.
'We took advantage of a very favorable time window of opportunity in the
market to extend our financing structure with foresight at an early stage',
noted Dr. Helmut Schmale, CFO of GEA Group Aktiengesellschaft. 'The
favorable lowered spreads again highlight the strong standing of GEA in the
credit and capital markets. The involved consortium of banks represents a
very good mix of domestic and international banking partners to support our
future growth.'
About GEA Group
GEA Group Aktiengesellschaft is one of the largest suppliers for the food
processing industry and a wide range of other process industries. As an
international technology group, the Company focuses on process technology
and components for sophisticated production processes. In 2012, GEA
generated consolidated revenues in excess of EUR 5.7 billion, 70 percent of
which came from the food and energy sectors, which are long-term growth
industries. The group employed about 24,750 people worldwide as of June 30,
2013. GEA Group is a market and technology leader in its business areas. It
is listed in Germany's MDAX stock index (G1A, WKN 660 200) and the STOXX(R)
Europe 600 Index. Further information is available on the Internet at:
www.gea.com.
To unsubscribe from GEA Group Aktiengesellschaft's news distribution list,
please send an e-mail to pr(at)gea.com.
Contact:
GEA Group Aktiengesellschaft
Phone +49 (0)211 9136 1492
Fax +49 (0)211 9136 31087
www.gea.com
End of Media Release
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Issuer: GEA Group Aktiengesellschaft
Key word(s): Enterprise
28.08.2013 Dissemination of a Press Release, transmitted by DGAP - a
company of EQS Group 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: GEA Group Aktiengesellschaft
Peter-Müller-Straße 12
40468 Düsseldorf
Germany
Phone: +49 (0)211 9136-0
Fax: +49 (0)211 9136-31087
E-mail: ir(at)gea.com
Internet: www.gea.com
ISIN: DE0006602006WKN: 660200
Indices: MDAX
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, München; Freiverkehr in Hannover,
Stuttgart
End of News DGAP-Media
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