KAP AG Secures Flexible New Loan to Support Transformation

• Agreed refinancing package of €96.0 million and extension of the syndicated loan term until 30 March 2029.
• Interest set at EURIBOR plus a 4.5% margin, reflecting the still-challenging market environment.
• Loan drawdown is conditional on implementing the measures from the externally commissioned IDW S6 report and maintaining existing financing components (e.g., trade credit insurers, cash pooling, factoring).
• Agreement requires appointment of a Chief Restructuring Officer (CRO) and establishment of a steering committee to oversee the restructuring.
• Includes an M&A process to sell certain assets, with sale proceeds to be used as mandatory special repayments on the syndicated loan.
• Purpose: to provide a stable financial framework and flexibility to continue KAP AG’s transformation and restructuring—particularly in the engineered products and surface technologies segments; KAP is a listed industrial holding with ~1,550 employees at 18 locations, focusing on flexible films, engineered products and surface technologies.

The price of KAP at the time of the news was 1,5500EUR and was up +3,85 % compared with the previous day.
13 minutes after the article was published, the price was 1,7000EUR this corresponds to a plus of +9,68 % since publication.

KAP

-1,30 %

-14,39 %

+29,67 %

+22,33 %

-78,27 %

-88,89 %

-88,76 %

+35,14 %

ISIN:DE0006208408WKN:620840

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