Brief: Amadeus Fire Secures Syndicated Loan To Refinance Acquisition Of Comcave Holding

Amadeus Fire AG

16/12/2020 11:13

Dec 16 (Reuters) - AMADEUS FIRE AG  AMDG.DE :
    * SUCCESSFULLY SECURES A SYNDICATED LOAN TO REFINANCE THE
ACQUISITION OF COMCAVE HOLDING GMBH
    * EUR 100 MILLION IS AVAILABLE TO COMPANY IN FORM OF AN
AMORTIZING
LOAN, AND COMPANY MAY RECEIVE UP TO EUR 35 MILLION IN FORM OF A
REVOLVING CREDIT LINE, A FLEXIBLY AVAILABLE CREDIT FACILITY
    * LOAN WILL FULLY REPAY COMPANY'S BRIDGE FINANCING OF
ORIGINALLY
EUR 170 MILLION, WHICH WAS BORROWED TO FUND ACQUISITION OF
COMCAVE HOLDING GMBH IN DECEMBER 2019
    * PORTION OF BRIDGE FINANCING WAS REPAID IN AUGUST 2020 FROM
PROCEEDS OF A CAPITAL INCREASE (GROSS ISSUE PROCEEDS OF AROUND
EUR 52 MILLION)

Source text for Eikon:  ID:nEQ7DQjx5a 
Further company coverage:  AMDG.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))