Cicor Technologies Ltd
Cicor Technologies Ltd
- ISIN: CH0008702190
- Land: Schweiz
Nachricht vom 21.06.2021 | 07:01
Successful renewal and increase of syndicated loan provides financing and liquidity security and offers room for future acquisitions
Cicor Technologies Ltd / Key word(s): AGMEGM
Successful renegotiation of syndicated loan
Cicor is replacing the existing syndicated loan of CHF 75 million due on June 30, 2022 early and at attractive conditions and is increasing it to CHF 80 million.
The new syndicated loan has a term of four years with two one-year extension options. The renewal of the revolving credit facility provides financing and liquidity security and increases Cicor's overall strategic flexibility.
The syndicated loan was structured as a club deal. The banking syndicate comprises a core banking group consisting of Commerzbank AG as mandated arranger and agent, HSBC Trinkaus & Burkhardt AG, Landesbank Baden-Württemberg, Migros Bank AG and Zürcher Kantonalbank.
Additional optional acquisition credit facility
The new credit agreement also contains an optional acquisition credit line in the amount of CHF 75 million, which, in the event of a future acquisition, is to be used to finance the purchase price and the working capital of the company to be acquired.
Ad hoc announcement in pursuance of Art. 53 LR
Bronschhofen, June 21, 2021 - Cicor (SIX Swiss Exchange: CICN), a leading international technology company in the fields of printed circuit boards and hybrid circuits, printed electronics, microelectronics as well as EMS (Electronic Manufacturing Services), based in Boudry (Switzerland) signed a credit agreement on 18 June 2021 for a new revolving credit facility of CHF 80 million and for an additional optional acquisition credit facility of CHF 75 million.
Cicor Management AG
The Cicor Group is a globally active development and manufacturing partner with innovative technology solutions for the electronics industry. With about 1900 employees at ten production sites, Cicor offers highly complex printed circuit boards, hybrid circuits and printed electronics as well as comprehensive electronic manufacturing services (EMS) including microelectronic assembly and plastic injection molding. Cicor sup-plies customized products and services from design to the finished product from one source. The shares of Cicor Technologies Ltd. are listed on the SIX Swiss Exchange (CICN). For further information please visit the website www.cicor.com.
End of ad hoc announcement
|Company:||Cicor Technologies Ltd|
|c/o Cicor Management AG, Gebenloostraße 15|
|Listed:||SIX Swiss Exchange|
|EQS News ID:||1209890|
|End of Announcement||EQS Group News Service|
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