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Wittur Holding GmbH: Wittur Group concludes Term Loan B add-on to free up RCF

DGAP-News: Wittur Holding GmbH / Key word(s): Financing
Wittur Holding GmbH: Wittur Group concludes Term Loan B add-on to free up
RCF

26.07.2016 / 11:34
The issuer is solely responsible for the content of this announcement.

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PRESS RELEASE

Wittur Group concludes Term Loan B add-on to free up RCF

Wiedenzhausen, July 26, 2016 - The Wittur Group (ISIN: XS1188024548,
XS1188025438) has successfully concluded a EUR 35 million add-on to its
existing EUR 375 million term loan. The proceeds of the Term Loan B add-on
are intended for the repayment of borrowings under the revolving credit
facility used to partly finance the acquisition of Sematic. This will free
up Wittur's RCF to be used for its main purpose of financing ordinary
business transactions and working capital. The terms and conditions of the
existing Senior Facility Agreement also apply to the term loan add-on.

Investor Relations Contact
Yara Kes
Wittur Holding GmbH
Rohrbachstraße 26-30
85259 Wiedenzhausen | Germany
Phone: [phone] - 173
Mail: [e-mail]

About Wittur
Founded in 1968, Wittur is one of the world's leading independent elevator
components manufacturers with an extensive global manufacturing footprint
and sales network and a broad range of products. Its product offering
features a large range of components for new elevator manufacturing and
sourcing, for spare parts and for modernization and upgrades. Components
made by Wittur span from sophisticated mechatronic components for elevator
cabin and landing doors (including the associated opening mechanisms) to
other critical components such as gearless drives, slings, safety gears and
cars.

In 2016, Wittur further expanded its global reach and its portfolio with
the acquisition of Sematic. The Italian company, founded in 1959, added a
complementary product offering including complete elevator solutions,
highly customised doors, electronic components and cabins. Installation of
elevators and maintenance services are not part of the business. The Wittur
Group has a work force of around 4,500 employees and conducts business in
more than 50 countries. It is majority owned by funds managed by Bain
Capital.

For more information on the company, please visit www.wittur.com.


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26.07.2016 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.
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Language: English
Company: Wittur Holding GmbH
Rohrbachstraße 26-30
80259 Wiedenzhausen
Germany
Phone: [phone] - 0
Fax: [phone] - 49
E-mail: [e-mail]
Internet: www.wittur.com
ISIN: XS1188024548
WKN: A14J5R
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Stuttgart; Open Market in Frankfurt


End of News DGAP News Service
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485951 26.07.2016