HÖRMANN Industries secures further component for sustainable corporate financing
Kirchseeon, 9 December 2019 – HÖRMANN Industries GmbH (WKN/ISIN: A2TSCH/NO0010851728) has signed a new syndicated loan with a consortium of banks consisting of Commerzbank AG, Helaba as well as Oberbank AG, and headed by SaarLB for a further five years with a two-year extension option. In addition, the revolving syndicated facility was increased from € 30.0 million to € 40.0 million. The loan agreement has a variable interest rate based on EURIBOR.
Johann Schmid-Davis, CFO of HÖRMANN Industries GmbH: “Following the successful placement of our bond in June 2019, we have secured another important component for our sustainable financing structure by extending the syndicated loan. The credit line enables us to draw on borrowed capital depending on the situation and thus perfectly complements our base financing through the bond. It was very important for us to meet our long-term responsibilities towards our employees, but also towards all other stakeholders, with a reliable financial planning.”
Contact:
HÖRMANN Holding GmbH & Co. KG
Main road 45-47
D-85614 Kirchseeon
T +49 8091 5630 0
F +49 8091 5630 195
info@hoermann-gruppe.com
Financial and business press:
IR.on AG
Frederic Hilke
T +49 221 9140 970
hoermann@ir-on.com
About the HÖRMANN Group
Since the company was founded in 1955, the HÖRMANN Group has grown steadily. Under the umbrella of HÖRMANN Holding GmbH & Co KG, 27 subsidiaries operate in the Automotive, Communication, Engineering and Services divisions with a high degree of entrepreneurial initiative and independence. The aim of the HÖRMANN Group is to provide customers with specific solutions and services that offer economic advantages and a high level of customer benefit. To this end, the HÖRMANN Group, with around 3,300 highly qualified employees, uses its entire broadly diversified and networked knowledge from a wide variety of technology areas.
www.hoermann-group. com
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