Brief: Zehnder Group Takes Out Syndicated Credit Facility Of EUR 100 Million

Zehnder AG

16/11/2020 06:05

Nov 16 (Reuters) - Zehnder Group AG  ZEHN.S :
    * HAS TAKEN OUT A SYNDICATED CREDIT FACILITY OF EUR 100
MILLION
WITH A TERM OF THREE YEARS, CREATING GREATER FINANCIAL
FLEXIBILITY
    * IT WILL ALSO BE POSSIBLE TO INCREASE THE FACILITY BY EUR
50
MILLION IF LARGER ACQUISITIONS NEED TO BE MADE.
    * AGREED TERM IS THREE YEARS WITH OPTIONS TO EXTEND.
    * NEW SYNDICATED CREDIT FACILITY REPLACES THE PREVIOUS
CREDIT
LIMITS AMOUNTING TO EUR 76 MILLION, WHICH WERE SECURED SHORTLY
AFTER THE OUTBREAK OF THE COVID-19 PANDEMIC.

Source text: https://bit.ly/2IwzNJX
Further company coverage:  ZEHN.S 

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