DGAP-News: euromicron successfully places borrower's note loan for EUR24.5 million and so strengthens the Group's long-term financing
(firmenpresse) - DGAP-News: euromicron AG / Key word(s): Miscellaneous
euromicron successfully places borrower's note loan for EUR24.5
million and so strengthens the Group's long-term financing
05.08.2011 / 11:08
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Frankfurt/Main, August 5, 2011 - euromicron AG has successfully placed a
borrower's note loan for EUR24.5 million and so is strengthening the
Group's long-term financing.
The prime objective of this step is to restructure part of the company's
short-term liabilities in favor of long-term funding. As a result,
euromicron's financing will be long term to about 40 percent in future and
will make the Group more independent from any possible deterioration in the
area of short-term financing.
The borrower's note loan placed in July 2011 is divided over terms of 5 and
7 years. Due to strong interest among investors, the original volume of
EUR20 million was far oversubscribed (EUR35 million). That created the
foundation for setting the interest rate of both tranches at the lower end
of the marketing range. The investors were savings banks (Sparkassen),
German and Austrian banks and an insurance company. Commerzbank
Aktiengesellschaft acted as arranger and paying agent for this successful
transaction.
'The Group's funding remains comfortable and capable of growing as a result
of the borrower's note loan and its available free lines of currently more
than EUR25 million,' said Dr. Willibald Späth, Chairman of the Executive
Board of euromicron AG. 'The attractive terms of the borrower's note loan
for euromicron document our Group's financial strength and the solidity of
its balance sheet,' he added.
The borrower's note loan is a further component in securing the financial
flexibility the company needs in the next stage of its strategy, which will
take euromicron nearer to the EUR300 million sales mark in 2011.
euromicron AG (www.euromicron.de) is an all-round solution provider for
communications, data and security networks. Its network infrastructures
integrate voice, video and data transport wirelessly, via copper cable and
by means of fiber-optic technologies. euromicron builds its leading
applications, such as security, control, healthcare or surveillance
systems, on the basis of these cutting-edge network infrastructures.
Founded on its expertise as a developer and producer of fiber-optic
components, euromicron AG is a strongly growing, highly profitable group
that is listed on the stock market, has a medium-sized character and
focuses on operational growth, integration and further market penetration,
internationalization and expansion.
Contact:
euromicron AG
Investor&Public Relations
Speicherstr. 1
60327 Frankfurt/Main
Germany
Phone: +49 (0)69-631583-0
Fax: +49 (0)69-631583-17
E-mail: IR-PR(at)euromicron.de
http://www.euromicron.de
ISIN DE0005660005
Securities identification number 566000
End of Corporate News
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05.08.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
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Media archive at www.dgap-medientreff.de and www.dgap.de---------------------------------------------------------------------
Language: English
Company: euromicron AG
Speicherstr. 1
60327 Frankfurt
Germany
Phone: +49(0) 69 631583-0
Fax: +49(0) 69 631583-20
E-mail: info(at)euromicron.de
Internet: www.euromicron.de
ISIN: DE0005660005
WKN: 566000
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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134594 05.08.2011
Datum: 05.08.2011 - 11:08 Uhr
Sprache: Deutsch
News-ID 42465
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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