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Ströer Media AG: Ströer Media AG successfully concludes early refinancing with significantly better terms and conditions

DGAP-News: Ströer Media AG / Key word(s): Miscellaneous
Ströer Media AG: Ströer Media AG successfully concludes early
refinancing with significantly better terms and conditions

11.04.2014 / 11:05

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- Company lowers cost of capital for 2015 by more than 75 percent
compared with 2010

Ströer Media AG has successfully concluded an early refinancing of existing
credit facilities. The financing package,
which totals EUR 500 million and has a five-year term, was significantly
oversubscribed and was provided by an international banking syndicate
headed up by coordinators and joint bookrunners Commerzbank and SEB and
joint bookrunners Crédit Agricole, ING, Deutsche Bank and HSBC Trinkaus &
Burkhardt AG. The previous syndicated loan agreement was repaid at the same
time. The new financing package is being provided by long-standing partner
banks as well as a number of new financial institutions.

This stable long-term funding means that Ströer Media AG is very well
equipped to finance future corporate development. In particular, it will
allow the company to further reduce borrowing costs - a trend that has
started in past years. The company expects interest expenses in 2015 to be
down by more than 75 percent as against 2010, meaning savings in the
double-digit millions range. This is due to, among other things, the
refinancing measures agreed since 2010, the expiry of interest rate
derivatives and the general development of market interest rates.
Independent financial advisory firm Herter & Co. advised Ströer on the
refinancing.

"The high level of interest shown by the banks in the financing and the
significant oversubscription of the volume on offer are testimony to the
confidence of the financial market in our sustainable business model. The
refinancing of our loans will allow us to further boost the profitability
of our company and thereby create a sound basis for our future success,"
Udo Müller, CEO of Ströer Media AG, said.


About Ströer
Ströer Media AG is a leading provider of online advertising and
out-of-home, and offers its advertising customers individualized and fully
integrated premium communications solutions. In the field of digital media,
Ströer is setting new standards for innovation and quality in Europe and is
thus opening up new and innovative opportunities for targeted customer
contact for its advertisers.

The Ströer Group commercializes several thousand websites and more than
280,000 out-of-home advertising faces. With consolidated revenue of EUR
634m for the full year 2013, Ströer Media AG is one of largest providers of
out-of-home media in Europe in terms of revenue.

The Ströer Group has approximately 2,200 employees at over 70 locations.

For more information on the Company, please visit www.stroeer.com.


IR Contact:
Ströer Media AG
Dafne Sanac
Investor & Credit Relations Manager
Phone: [phone]
Fax: [phone]
Email: [e-mail]

Press contact
Ströer Media AG
Marc Sausen
Head of Group Communication
Ströer-Allee 1. 50999 Cologne
Phone: [phone]
Fax: [phone]
Email: [e-mail]


End of Corporate News

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11.04.2014 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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Language: English
Company: Ströer Media AG
Ströer Allee 1
50999 Köln
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.stroeer.de
ISIN: DE0007493991
WKN: 749399
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart


End of News DGAP News-Service
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