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Nabaltec AG issues a loan against borrower's note with a volume of EUR 70.0 million
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Nabaltec AG issues a loan against borrower's note with a volume of EUR
70.0 million
21.04.2015 / 10:00
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Nabaltec AG issues a loan against borrower's note with a volume of EUR 70.0
million
Schwandorf, 21 April 2015 - Nabaltec AG has successfully issued a loan
against borrower's note with a volume of EUR 70.0 million (value date 23
April 2015), securing better conditions for the future financing of the
company in the long term.
The borrower's note was issued in various tranches, with terms of 5 and 7
years, and with variable rates of interest, for which an interest hedge was
also executed. Very strong investor demand enabled pricing at the lower
edge of the announced marketing range for both durations. The issue was
placed with twelve investors primarily from the private and state banking
sector, most of whom already number among the investors in Nabaltec's first
loan against borrower's note. The placement was managed by DZ BANK AG
Deutsche Zentral-Genossenschaftsbank and IKB Deutsche Industriebank AG.
Issuance of the borrower's note allows Nabaltec AG to finance upcoming
projects, expand its freedom of action by increasing liquidity, optimize
its financing structure and improve its financial result. In this context,
Nabaltec AG has opted for early termination of part of the loan against
borrower's note issued in October 2013, with a volume of EUR 50.0 million,
as of 23 April 2015. This relates to the portion of the loan with a
variable rate of interest and durations of 5 and 7 years, for a total
volume of EUR 43.5 million. Nabaltec also made early repayment of a bank
loan in the amount of EUR 5.0 million on 31 March 2015.
About Nabaltec AG:
Nabaltec AG, with registered office in Schwandorf, a chemicals business
which has received multiple awards for innovativeness, manufactures,
develops and distributes highly specialized products based on aluminum
hydroxide ("ATH") and aluminum oxide, as well as other raw materials, on an
industrial scale through its "Functional Fillers" and "Technical Ceramics"
divisions. The company's product range includes halogen-free flame
retardant fillers and eco-friendly additives for the plastics industry.
Flame retardant fillers are used e.g. in cables in tunnels, airports,
high-rise buildings and electronic devices, while additives replace
stabilizers containing heavy metals in PVC processing. Nabaltec also
produces base materials for use in technical ceramics, the refractory
industry and catalysis. Unlike halogenated flame retardant fillers, the
products manufactured by the company's "Functional Fillers" division
contain no hazardous substances and do not require separate disposal.
Rather, the company's flame retardant fillers actually decrease the
development of fumes hazardous to human health and the environment in the
event of fire. Nabaltec maintains production sites in Germany and the US
and plans to continue to consolidate its market position by expanding
capacity, further optimizing processes and quality and making strategic
extensions to its product range. On the strength of its specialty products,
the company strives to attain the market leadership in each segment.
Contact:
Heidi Wiendl
Nabaltec AG
Phone: +49 9431 53-202
Fax: +49 9431 53-260
E-mail: InvestorRelations@nabaltec.de
Frank Ostermair
Better Orange IR & HV AG
Phone: +49 89 8896906-14
Fax: +49 89 8896906-66
E-mail: frank.ostermair@better-orange.de
---------------------------------------------------------------------
21.04.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: Nabaltec AG
Alustraße 50-52
92421 Schwandorf
Germany
Phone: +49 9431 53-0
Fax: +49 9431 53-260
E-mail: info @nabaltec.de
Internet: www.nabaltec.de
ISIN: DE000A0KPPR7, DE000A1EWL99
WKN: A0KPPR, A1EWL9
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart; Open Market (Entry Standard) in Frankfurt
End of News DGAP News-Service
---------------------------------------------------------------------
346245 21.04.2015
Nabaltec AG issues a loan against borrower's note with a volume of EUR 70.0
million
Schwandorf, 21 April 2015 - Nabaltec AG has successfully issued a loan
against borrower's note with a volume of EUR 70.0 million (value date 23
April 2015), securing better conditions for the future financing of the
company in the long term.
The borrower's note was issued in various tranches, with terms of 5 and 7
years, and with variable rates of interest, for which an interest hedge was
also executed. Very strong investor demand enabled pricing at the lower
edge of the announced marketing range for both durations. The issue was
placed with twelve investors primarily from the private and state banking
sector, most of whom already number among the investors in Nabaltec's first
loan against borrower's note. The placement was managed by DZ BANK AG
Deutsche Zentral-Genossenschaftsbank and IKB Deutsche Industriebank AG.
Issuance of the borrower's note allows Nabaltec AG to finance upcoming
projects, expand its freedom of action by increasing liquidity, optimize
its financing structure and improve its financial result. In this context,
Nabaltec AG has opted for early termination of part of the loan against
borrower's note issued in October 2013, with a volume of EUR 50.0 million,
as of 23 April 2015. This relates to the portion of the loan with a
variable rate of interest and durations of 5 and 7 years, for a total
volume of EUR 43.5 million. Nabaltec also made early repayment of a bank
loan in the amount of EUR 5.0 million on 31 March 2015.
About Nabaltec AG:
Nabaltec AG, with registered office in Schwandorf, a chemicals business
which has received multiple awards for innovativeness, manufactures,
develops and distributes highly specialized products based on aluminum
hydroxide ("ATH") and aluminum oxide, as well as other raw materials, on an
industrial scale through its "Functional Fillers" and "Technical Ceramics"
divisions. The company's product range includes halogen-free flame
retardant fillers and eco-friendly additives for the plastics industry.
Flame retardant fillers are used e.g. in cables in tunnels, airports,
high-rise buildings and electronic devices, while additives replace
stabilizers containing heavy metals in PVC processing. Nabaltec also
produces base materials for use in technical ceramics, the refractory
industry and catalysis. Unlike halogenated flame retardant fillers, the
products manufactured by the company's "Functional Fillers" division
contain no hazardous substances and do not require separate disposal.
Rather, the company's flame retardant fillers actually decrease the
development of fumes hazardous to human health and the environment in the
event of fire. Nabaltec maintains production sites in Germany and the US
and plans to continue to consolidate its market position by expanding
capacity, further optimizing processes and quality and making strategic
extensions to its product range. On the strength of its specialty products,
the company strives to attain the market leadership in each segment.
Contact:
Heidi Wiendl
Nabaltec AG
Phone: +49 9431 53-202
Fax: +49 9431 53-260
E-mail: InvestorRelations@nabaltec.de
Frank Ostermair
Better Orange IR & HV AG
Phone: +49 89 8896906-14
Fax: +49 89 8896906-66
E-mail: frank.ostermair@better-orange.de
---------------------------------------------------------------------
21.04.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: Nabaltec AG
Alustraße 50-52
92421 Schwandorf
Germany
Phone: +49 9431 53-0
Fax: +49 9431 53-260
E-mail: info @nabaltec.de
Internet: www.nabaltec.de
ISIN: DE000A0KPPR7, DE000A1EWL99
WKN: A0KPPR, A1EWL9
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart; Open Market (Entry Standard) in Frankfurt
End of News DGAP News-Service
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346245 21.04.2015
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