Brief: Mobilezone Concludes Refinancing Of All Bilateral Credit Agreements

Mobilezone Holding AG

18/12/2020 05:46

Dec 18 (Reuters) - MOBILEZONE HOLDING AG  MOZN.S :
    * MOBILEZONE SUCCESSFULLY CONCLUDES THE REFINANCING OF ALL
BILATERAL CREDIT AGREEMENTS AND THE SYNDICATED CREDIT LINE
AGREEMENT IN A NEW SYNDICATED CREDIT LINE OF CHF 140 MILLION
    * SUCCESSFULLY COMPLETED A NEW SYNDICATED CREDIT LINE
AGREEMENT
FOR CHF 140 MILLION ON 17 DECEMBER 2020 WITH A TERM OF 5 YEARS
    * IN SWITZERLAND, BILATERAL CREDIT AGREEMENTS FOR EUR 30
MILLION
AND EXISTING SYNDICATED CREDIT LINE OF CHF 60 MILLION WERE
REFINANCED WITH NEW SYNDICATED CREDIT LINE
    * MAXIMUM PERMISSIBLE DEBT FACTOR (NET FINANCIAL
DEBT/EBITDA) WAS
INCREASED FROM 2.5 TO 3.0
    * AVERAGE CREDIT COSTS ARE LOWERED BY 0.2 PERCENT; THIS WILL
ALLOW
MOBILEZONE TO ACHIEVE ANNUAL SAVINGS OF CHF 0.3 MILLION
    * COLLATERALISED CREDIT AGREEMENTS IN GROUP COMPANIES IN
GERMANY
FOR EUR 55 MILLION WERE REPLACED

Source text for Eikon:  ID:nTENpht0ra 
Further company coverage:  MOZN.S 

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