DGAP-News: Phoenix Solar Aktiengesellschaft: Syndicated loan of EUR 150 million prematurely extended until November 2012
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Phoenix Solar Aktiengesellschaft: Syndicated loan of EUR 150 million
prematurely extended until November 2012
01.07.2011 / 11:20
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Phoenix Solar AG: syndicated loan of EUR 150 million prematurely extended
until November 2012
Sulzemoos 1 July 2011 / Phoenix Solar AG (ISIN DE000A0BVU93), a
photovoltaic system integrator listed on the German TecDAX, has agreed a
premature extension of a syndicated loan with its syndicate member banks.
The loan was granted in November 2008 in an amount of EUR 150 million. Its
term has now been extended until November 2012. It serves to finance the
working capital of the Phoenix Solar Group and to cover its need for
guarantees and letters of credit. 'Given the difficult environment in the
sector the extension of the loan agreement is proof of the trust vested by
the syndicate member banks in Phoenix Solar AG', commented Sabine Kauper,
Chief Financial Officer of Phoenix Solar AG.
This is an English translation of the German original. Only the German
version is binding.
About Phoenix Solar AG
Phoenix Solar AG, which has its headquarters in Sulzemoos near Munich, is a
leading international photovoltaic system integrator. The Group achieved
total revenues of EUR 636 million and an EBIT of EUR 36.4 million in the
financial year 2010. The company develops, plans, builds and takes over the
operation of large-scale photovoltaic plants and is a specialist wholesaler
for complete power plants, solar modules and accessories. The Group is a
leader in photovoltaic system technology. It focuses on the consistent
lowering of system costs. With a sales network throughout Germany, and
subsidiaries in Spain, Italy, Greece, France, Singapore, Malaysia, Oman,
Australia and the United States of America, the Group currently has a
workforce of more than 400 employees. The shares of Phoenix Solar AG (ISIN
DE000A0BVU93) are listed on the official market (Prime Standard) of the
Frankfurt Stock Exchange and on the TecDAX, Deutsche Börse AG's technology
index.
Contact:
Phoenix Solar AG
Jutta Stolp
Hirschbergstrasse 8
85254 Sulzemoos
Germany
Tel.: +49 (0)8135 938-484
Fax: +49 (0)8135 938-399
j.stolp(at)phoenixsolar.de
www.phoenixsolar-group.com
Local Court of Munich HRB 129117
Ust-ID Nr. DE 812868419
Board of Directors: Dr. Andreas Hänel (CEO), Dr. Murray Cameron, Sabine
Kauper, Ulrich Reidenbach
Head of Supervisory Board: J. Michael Fischl
End of Corporate News
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01.07.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Phoenix Solar Aktiengesellschaft
Hirschbergstraße 8
85254 Sulzemoos
Deutschland
Phone: +49 (0)8135-938-000
Fax: +49 (0)8135-938-099
E-mail: kontakt(at)phoenixsolar.de
Internet: www.phoenixsolar-group.de
ISIN: DE000A0BVU93
WKN: A0BVU9
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München (m:access), Stuttgart
End of News DGAP News-Service
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130569 01.07.2011
Datum: 01.07.2011 - 11:20 Uhr
Sprache: Deutsch
News-ID 34519
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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