Elcoteq Signs New Syndicated Loan Agreement
(Thomson Reuters ONE) - Elcoteq SEStock Exchange ReleaseNovember 25, 2009 at 4.30 pm (EET)Elcoteq has signed a new agreement to replace the revolving creditfacility of 230 million euros signed five years ago. At the balancesheet date of 30 September 2009, 200 million euros was in use fromthe facility. At the same time the company had 201 million euro cash.The new credit facility is agreed with the same bank syndicate and itis for 100 million euros. The loan will mature at the end of April,2010 and it is designed to cover the period during which the companyis expected to finalize the project to strengthen its balance sheet.Negotiations for new long-term financing will be commenced in thenear future and are an integral part of the equity project.ELCOTEQ SEMinna Aila, Director, Communications and Corporate ResponsibilityFurther information:Mikko Puolakka, CFO, tel. +41 7961 80302About ElcoteqElcoteq SE is a leading electronics manufacturing services (EMS)company in the communications technology field. Elcoteq's globalservice offering covers the entire lifecycle of products, fromproduct development to after-market services. By further combiningmechanics expertise into its service offering, Elcoteq's vision is tobe a leading integrated electronics manufacturing services (IEMS)company.Elcoteq provides global end-to-end solutions consisting of productdevelopment services, supply chain management, NPI, manufacturing,and after market services for the whole lifecycle of its customers'products. These products include Consumer Electronics products suchas mobile and wireless phones, their parts and accessories, set-topboxes, flat panel TVs and other consumer products as well as SystemSolutions products such as wireless and wireline infrastructuresystems and modules, enterprise network products and other industrialsegment products.The Group's consolidated net sales for 2008 totaled 3.4 billion eurosand it employs approximately 13,000 persons. Elcoteq SE is listed onthe Nasdaq OMX Helsinki Ltd. For more information visit the Elcoteqwebsite at www.elcoteq.com.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 25.11.2009 - 15:30 Uhr
Sprache: Deutsch
News-ID 8837
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