Brief: Schmolz + Bickenbach Completes Refinancing

Swiss Steel Holding AG

01/04/2020 06:03

April 1 (Reuters) - SCHMOLZ+BICKENBACH AG  STLN.S :
    * COMPLETES REFINANCING
    * HAS NOW SIGNED NEW FINANCING AGREEMENTS WITH BANKS AND ITS
MAJOR
SHAREHOLDER BIGPOINT HOLDING AG, WHICH WILL RUN UNTIL MARCH 2025
    * EXISTING SYNDICATED LOAN WAS INCREASED BY EUR 90 MILLION
FROM
EUR 375 MILLION TO EUR 465 MILLION
    * ALSO RECEIVED A SHAREHOLDER LOAN OF EUR 95 MILLION WITH
SAME
TERM FROM ITS MAJOR SHAREHOLDER BIGPOINT HOLDING AG
    * REDEEMED VALIDLY TENDERED BONDS WITH A MATURITY UNTIL 2022
    * NOMINAL VALUE OF REDEEMED BONDS AMOUNTS TO EUR 328.753
MILLION

Source text for Eikon:  ID:nTENqbke0a 
Further company coverage:  STLN.S 

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