Brief: Bastei Luebbe concludes EUR 33 mln syndicated loan

Bastei Luebbe AG

05/10/2015 08:00

Oct 5 (Reuters) - Bastei Luebbe AG  BST1.DE : 
    * Secures attractive financing conditions for future 
corporate growth 
    * Concluded a syndicated loan for a total volume of 33 
million euros ($37.05 million) 
    * Also secured an option for a further 10 million euros for 
possible acquisitions and strategic investments 
    * Company will use loan for items such as paying back its 
11/16 corporate bond of 30 million euros that matures in October 
2016 
    * Interest expenses are expected to be reduced by around 
0.75 million euros in 2016/2017 financial year and provisionally 
by around 1.5 million euros from 2017/2018 financial year 
 
Source text for Eikon:  ID:nEQ5zQrTma  
Further company coverage:  BST1.DE  
 
($1 = 0.8907 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))