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SKW Stahl-Metallurgie Holding AG: SKW Metallurgie Group signs syndicated loan contract for EUR86m - financing secured until 2018

DGAP-News: SKW Stahl-Metallurgie Holding AG / Key word(s): Financing
SKW Stahl-Metallurgie Holding AG: SKW Metallurgie Group signs
syndicated loan contract for EUR86m - financing secured until 2018

23.01.2015 / 14:15

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Unterneukirchen (Germany), January 23, 2015. On January 23, 2015, the
global specialty chemicals Group SKW Metallurgie signed, as a significant
milestone of its strategic realignment, a syndicated loan contract for
EUR86m. Arrangers are Commerzbank AG and Norddeutsche Landesbank
Girozentrale, both of which have engaged in intensive and successful
cooperation with the SKW Metallurgie Group for several years.

With the new syndicated loan contract, the SKW Metallurgie Group will have
sufficient debt capital at its disposal. This entails refinancing the
hitherto framework credit agreement ("Rahmenkreditvertrag") as well as the
hitherto promissory note loans, each at their respective maturities
The new syndicated loan contract is to run for three years and thereby
grants planning security until 2018.

"The successful conclusion of a syndicated loan contract proves that our
banks believe in the potential of our core business", comments Sabine
Kauper, CFO of the SKW Metallurgie Group.
 

In order to strengthen the equity base and to accelerate the SKW
Metallurgie Group's growth both in traditional markets as well as in in
emerging countries such as India, SKW Stahl-Metallurgie Holding AG is going
to evaluate the capital markets regarding opportunities for equity capital
measures during the further course of 2015.

"The stabilization of our financial situation granted by the syndicated
loan opens to us the desired headroom for the further development of the
Group and possible equity capital measures associated therewith", comments
Dr. Kay Michel, CEO of the SKW Metallurgie Group.
 


Contact
SKW Stahl-Metallurgie Holding AG
Christian Schunck
Head of IR and Corporate Communications
Rathausplatz 11
84579 Unterneukirchen
Germany

Phone IR/Press: [phone]
Fax: [phone]
E-Mail: [e-mail]
Internet: www.skw-steel.com


About SKW Stahl-Metallurgie Holding AG and the SKW Metallurgie Group
The SKW Metallurgie Group is the global market leader for chemical
additives for hot metal desulphurization, and for cored wire and other
products for secondary metallurgy. The Group's products enable steel-makers
to efficiently manufacture high-quality steel products. Clients include the
world's leading companies in the steel industry. The SKW Metallurgie Group