DGAP-Adhoc

Stabilus S.A.: Loan contract comprising a total of EUR 320 million signed for refinancing of liabilities

Stabilus S.A. / Key word(s): Financing/Bond

19.12.2014 21:29

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Stabilus S.A.: Loan contract comprising a total of EUR 320 million signed
for refinancing of liabilities

Luxembourg/Koblenz, December 19, 2014 - On the evening of December 19,
2014, Stabilus S.A. (Stabilus, ISIN: LU1066226637) has signed a loan
contract comprising a total of EUR 320 million with a term until June 2020
(with the option to prolong it by one year). The new contract comprises a
Term Loan Facility of EUR 270 million and a Revolving Credit Facility of
EUR 50 million. The loans carry a variable interest rate depending on the
leverage of the company. Based on the company's current leverage level, the
interest rate would be 2.0% above Euribor. The loans are intended for the
premature refinancing of the EUR 256.1 million high yield bond which
carries an interest rate of 7.75%. With the new loan contract, Stabilus
benefits from the currently attractive financing conditions and installs a
long term financing structure.

Pursuant to the signed agreement, the loans will be made available from
June 2015. Through the new financing structure, the interest burden of
Stabilus would be reduced by around EUR 13 million per year, compared to
the current interest structure. The one-time transaction costs, which
include costs for the premature reimbursement of the high yield bond,
amount to approx. EUR 15 million.

# End of ad hoc announcement #

Press Contact:                            Investor Relations Contact:

Gaby Jonethal                             Andreas Schröder

Tel.: [phone]                    Tel.: [phone]

E-Mail: [e-mail]         E-Mail: [e-mail]



Charles Barker Corporate Communications

Tobias Eberle

Tel.: [phone]

E-Mail: [e-mail]

19.12.2014 The DGAP 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: Stabilus S.A.
2, rue Albert Borschette
L-1246 Luxemburg
Grand Duchy of Luxembourg
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.stabilus.com
ISIN: LU1066226637
WKN: A113Q5
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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