Wienerberger AG

Wienerberger secures attractive financing until 2023

Business news for the stock market

Wien (pta007/03.12.2018/07:30) - Initial five-year term with extension option
- Attractive long-term conditions secured

Vienna, December 3, 2018 - Wienerberger AG today communicated the conclusion of a new Eur 400 million credit line. It can be drawn on at least until November 2023, replaces the existing credit facility and is available for general corporate purposes. In principle, the credit line has a term of five years, but can be extended up to two years. The bank consortium comprises 10 relationship banks, with BNP Paribas SA, Raiffeisen Bank International AG and UniCredit Bank Austria AG, Wienerberger's banking partners of many years, in the lead.

"This long-term commitment by our core banks is an important pillar of our corporate financing structure. It provides us with a strong liquidity for our business at attractive terms and conditions", says Heimo Scheuch, CEO of Wienerberger AG. "We greatly appreciate the excellent cooperation with our core banks. I take the banks' focus on the simplification of the covenants as well as other contractual details as a clear sign of their confidence in the strength of the Wienerberger Group."

In the course of the negotiations of the new credit facility, the threshold of the net debt / EBIDTA covenant was increased to 3.9 x due to the effects of the implementation of the new leasing standard IFRS 16 as of 2019. The interest coverage ratio, which still applies to other financing contracts, is of no relevance for this financial instrument.

Wienerberger Group
Wienerberger is the world's largest producer of bricks (Porotherm, Terca) and the market leader in clay roof tiles (Koramic, Tondach) in Europe as well as concrete pavers (Semmelrock) in Central and Eastern Europe. In pipe systems (Steinzeug-Keramo ceramic pipes and Pipelife plastic pipes), the company is one of the leading suppliers in Europe. With its total of 195 production sites, the Wienerberger Group generated revenues of Eur 3,120 million and EBITDA of Eur 415 million in 2017.

For further enquiries please contact:
Karin Steinbichler, Head of Corporate Communications Wienerberger AG
t [phone] - 10149 | [e-mail]

Klaus Ofner, Head of Investor Relations Wienerberger AG
t [phone] - 10221 | [e-mail]

Wienerberger AG is a pure free float company, whereby the majority of shares are held by Austrian and international institutional investors. Additional information on the shareholder structure is provided under https://wienerberger.com/en/investors/share.

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emitter: Wienerberger AG
address: Wienerbergstraße 11, 1100 Wien
country: Austria
contact person: Karin Steinbichler
phone: [phone]
e-mail: [e-mail]
website: www.wienerberger.com

ISIN(s): AT0000831706 (share)
stock exchanges: official trade in Vienna

[ source: http://www.pressetext.com/news/20181203007 ]