Wittur Holding GmbH
Wittur Holding GmbH: Wittur Group concludes Term Loan B add-on to free up RCF
DGAP-News: Wittur Holding GmbH / Key word(s): Financing PRESS RELEASE Wittur Group concludes Term Loan B add-on to free up RCF Wiedenzhausen, July 26, 2016 – The Wittur Group (ISIN: XS1188024548, XS1188025438) has successfully concluded a EUR 35 million add-on to its existing EUR 375 million term loan. The proceeds of the Term Loan B add-on are intended for the repayment of borrowings under the revolving credit facility used to partly finance the acquisition of Sematic. This will free up Wittur’s RCF to be used for its main purpose of financing ordinary business transactions and working capital. The terms and conditions of the existing Senior Facility Agreement also apply to the term loan add-on. Investor Relations Contact About Wittur In 2016, Wittur further expanded its global reach and its portfolio with the acquisition of Sematic. The Italian company, founded in 1959, added a complementary product offering including complete elevator solutions, highly customised doors, electronic components and cabins. Installation of elevators and maintenance services are not part of the business. The Wittur Group has a work force of around 4,500 employees and conducts business in more than 50 countries. It is majority owned by funds managed by Bain Capital. For more information on the company, please visit www.wittur.com.
2016-07-26 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English | |
Company: | Wittur Holding GmbH | |
Rohrbachstraße 26-30 | ||
80259 Wiedenzhausen | ||
Germany | ||
Phone: | +49 (0)8134 18 – 0 | |
Fax: | +49 (0)8134 18 – 49 | |
E-mail: | info@wittur.com | |
Internet: | www.wittur.com | |
ISIN: | XS1188024548 | |
WKN: | A14J5R | |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart; Open Market in Frankfurt | |
End of News | DGAP News Service |
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