Brief: Hoftex Group optimises corporate financing

Hoftex AG

16/12/2016 07:15

Dec 16 (Reuters) - Hoftex Group AG  NBHG.MU : 
    * Said on Thursday optimises corporate financing 
    * Signs contract for an unsecured debt loan with a volume of 
50 million euros ($52.18 million) and a term of 3 to 7 years 
    * This debt loan will be used to repay previously secured 
financial liabilities and a shareholder loan 
    * Change of financing will result in a considerable interest 
rate savings of up to 500,000 euros per year 
 
     
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($1 = 0.9582 euros) 
 
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