DGAP-News: Nabaltec AG issues loan against borrower's note and secures long-term financing
(firmenpresse) - DGAP-News: Nabaltec AG / Key word(s): Miscellaneous
Nabaltec AG issues loan against borrower's note and secures long-term
financing
28.10.2013 / 10:00
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Nabaltec AG issues loan against borrower's note and secures long-term
financing
Schwandorf, 28 October 2013 - Nabaltec AG has successfully issued a loan
against borrower's note in the amount of EUR 50 million and secured
long-term financing under improved conditions.
The loan was placed in various tranches with terms of 3, 5 and 7 years,
with both variable and fixed interest. Due to strong demand from investors,
pricing at the lower end of the marketing range was possible for all
tranches. 90% of the overall volume was placed in the 5- and 7-year
tranches, for which an interest rate lock applied. The placement was
advised by DZ BANK AG Deutsche Zentral-Genossenschaftsbank and IKB Deutsche
Industriebank AG, and was made with 17 investors from the private banking
sector, as well as state banks, savings banks and cooperative banks,
primarily in Germany and Austria.
Issuance of the loan against borrower's note allows Nabaltec AG to optimize
its financing structure and improve its net financial income, as well as
boosting freedom of action by increasing liquidity. In this context,
Nabaltec AG has also opted for early redemption of its bond issue on 31
December 2013.
About Nabaltec AG:
Nabaltec AG, with registered office in Schwandorf, a chemicals business
which has received multiple awards for innovativeness, manufactures,
develops and distributes highly specialized products based on aluminum
hydroxide ('ATH') and aluminum oxide, as well as other raw materials, on an
industrial scale through its 'Functional Fillers' and 'Technical Ceramics'
divisions. The company's product range includes halogen-free flame
retardant fillers and eco-friendly additives for the plastics industry.
Flame retardant fillers are used e.g. in cables in tunnels, airports,
high-rise buildings and electronic devices, while additives replace
stabilizers containing heavy metals in PVC processing. Nabaltec also
produces base materials for use in technical ceramics, the refractory
industry and catalysis. Unlike halogenated flame retardant fillers, the
products manufactured by the company's 'Functional Fillers' division
contain no hazardous substances and do not require separate disposal.
Rather, the company's flame retardant fillers actually decrease the
development of fumes hazardous to human health and the environment in the
event of fire. Nabaltec maintains production sites in Germany and the US
and plans to continue to consolidate its market position by expanding
capacity, further optimizing processes and quality and making strategic
extensions to its product range. On the strength of its specialty products,
the company strives to attain the market leadership in each segment.
Contact:
Heidi Wiendl
Nabaltec AG
Phone: +49 9431 53-202
Fax: +49 9431 53-260
E-mail: InvestorRelations(at)nabaltec.de
Frank Ostermair
Better Orange IR&HV AG
Phone: +49 89 8896906-14
Fax: +49 89 8896906-66
E-mail:frank.ostermair(at)better-orange.de
End of Corporate News
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28.10.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible forthe 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: Nabaltec AG
Alustraße 50-52
92421 Schwandorf
Germany
Phone: +49 9431 53-0
Fax: +49 9431 53-260
E-mail: info (at)nabaltec.de
Internet: www.nabaltec.de
ISIN: DE000A0KPPR7, DE000A1EWL99
WKN: A0KPPR, A1EWL9
Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart;
Frankfurt in Open Market (Entry Standard)
End of News DGAP News-Service
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236385 28.10.2013
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Datum: 28.10.2013 - 10:00 Uhr
Sprache: Deutsch
News-ID 309684
Anzahl Zeichen: 5738
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Kategorie:
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