DGAP-Adhoc

SKW Stahl-Metallurgie Holding AG: SKW Metallurgie finds agreements with financing banks on basic points of a financial restructuring

DGAP-Ad-hoc: SKW Stahl-Metallurgie Holding AG / Key word(s): Financing
SKW Stahl-Metallurgie Holding AG: SKW Metallurgie finds agreements with
financing banks on basic points of a financial restructuring

15-Dec-2016 / 17:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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SKW Metallurgie finds agreements with financing banks on basic points of a
financial restructuring:
* Concept for a sustainable financial restructuring of the Group to be
implemented during the course of 2017
* Banks declaring willingness to a conditional cancelation of debt and to a
stand-still agreement for the syndicated loan contract until December 31,
2017
* Cooperation discussions initiated to realize synergy potentials

München (Germany), December 15, 2016. The SKW Metallurgie Group (WKN SKWM02
/ ISIN DE000SKWM021) has found basic agreement with the financing parties
of the syndicated loan contract (the main debt instrument of the SKW
Metallurgie Group) regarding a concept for a sustainable financial
restructuring of the Group. That concept comprises the following basic
points:
* The financing banks of the syndicated loan contract declare their
willingness to conclude a standstill agreement with a maturity until
December 31, 2017 in order to implement the refinancing.
* Cornerstone of this financial restructuring is an extraordinary debt
repayment of the SKW Metallurgie Group based on the disposal of assets
(mainly non-core activities).
* In addition, the financing banks have declared their general preparedness
to issue a conditional cancelation of debt, if the repayment of the debt
remaining with the banks is secured by a third party.
* In this context, the equity of the Company shall be further strengthened
during the course of 2017 by a substantial capital increase against cash in
the amount of at least 100% of the registered capital, with subscription
rights for the shareholders. A corresponding motion is to be presented to
the General Meeting.
* A central part of the concept is the already initiated contact to
strategic partners in order to mutually develop the business and to
strengthen the competitive position through realizing synergy potentials.
These negotiation results are to be documented in detail by end of January
at the latest through a "debt reduction agreement". To that end, the
existing waiver is to be prolonged until that point in time.
The aforesaid concept is subject to the approval by corporate bodies of
financing banks; the Company is optimistic that such approval be granted
during the course of the subsequent week.



Contact:
SKW Stahl-Metallurgie Holding AG
Christian Schunck
Head of IR and Corporate Communications
Prinzregentenstr. 68
81675 München
Germany

Phone IR/Press: [phone]
Fax: [phone]
E-Mail: [e-mail]

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15-Dec-2016 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language: English
Company: SKW Stahl-Metallurgie Holding AG
Prinzregentenstr. 68
81675 München
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.skw-steel.com
ISIN: DE000SKWM021
WKN: SKWM02
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange



End of Announcement DGAP News Service
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530327 15-Dec-2016 CET/CEST