DGAP-News

M.A.X. Automation AG puts group financing on a new foundation

DGAP-News: M.A.X. Automation AG / Key word(s): Financing
M.A.X. Automation AG puts group financing on a new foundation

25.06.2015 / 08:51

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PRESS RELEASE

M.A.X. Automation AG puts group financing on a new foundation

- New syndicated loan in the amount of EUR 150 million with a term of at
least 5 years arranged

- Replacement of existing credit lines optimizes refinancing costs and
creates additional scope to take action

- Member of the Management Board Fabian Spilker: "Long-term, stable
financing basis as prerequisite for further growth"

Düsseldorf, June 25, 2015 - M.A.X. Automation AG has placed both its and
its group companies' financing on a new foundation and broadened the basis
for further growth. To achieve this objective, the high-tech mechanical
engineering group has arranged a new syndicated loan in the amount of EUR
150 million with five renowned banks led by Commerzbank. The agreement has
a term of 5 years and includes several options on extending the loan.

M.A.X. Automation is thus taking advantage of the current attractive market
environment and reducing the complexity of its group financing over the
long-term. The new financing package replaces M.A.X. Automation AG's
previous syndicated loan, but also significant bilateral lending
relationships of its group companies. This, in turn, frees up collateral
for its group companies. Furthermore, refinancing creates a credit line for
use in financing new orders or to take advantage of growth opportunities,
through acquisitions, for example. The new financing structure in
conjunction with improved working capital management will reduce interest
expenses by up to EUR 1 million per year and have a positive impact on the
company's earnings situation.

This syndicated financing is being provided by Commerzbank, Deutsche Bank,
the LBBW Group, HypoVereinsbank and the Raiffeisenverband Salzburg, a
banking partner that M.A.X. Automation has worked with for many years.
Thanks to M.A.X. Automation's good credit rating, the company had the
chance to work with further banking partners and utilize a higher amount of
the agreed syndicated loan.

Fabian Spilker, Member of the Management Board of M.A.X. Automation AG:
"The group financing that we have now negotiated represents an important