FACC AG

Capital/Financing Update • Dec 21, 2020

Publication Date: 21.12.2020 09:43 EANS-Adhoc: FACC AG / FACC successfully secures long-term financing commitments with core banks

Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.

Financing/Ratings/Strategic Management Decisions/Contracts 21.12.2020

Ried im Innkreis - The corona crisis and the expected related negative effects on the financial and earnings development of the Group required an adjustment of the contractual conditions of the existing syndicated loan (total volume EUR 285 million distributed over seven banks, maturity on August 29th, 2023).

The focus was on the semi-annually tested financial covenant Net Financial Debt / EBITDA less or equal to 4.0.

In the negotiations, which were always on mutual partnership level, a waiver of the covenant (Covenant Holiday) and an adjustment of the covenant (Covenant Reset) were agreed for the next test dates. On December 31st, 2022 FACC will return to the originally agreed covenant of Net Financial Debt / EBITDA less or equal to 4.0.

31.12.2020 30.06.2021 31.12.2021 30.06.2022 31.12.2022 Net Financial Debt/EBITDA Waiver Waiver 5,25 4,25 4,00 (less or equal to)

In the course of the waiver negotiations, the margin grid for newly introduced leverage levels was also adjusted.

The promissory note loan (EUR 70 million) issued in 2019 is beside a 50 basis points margin step-up for Net Financial Debt/EBITDA levels over 3.75 not affected by the effects of the Corona crisis.

FACC CFO Ales Stárek: "I would like to thank our core banks for the understanding and flexibility they have shown in making the necessary adjustments. This negotiation result, which is fundamentally based on our longterm trusting relationships with our banking partners, gives us the necessary flexibility to adapt the company to the new market environment - which had changed due to the corona virus - and to pursue the implementation of the longterm FACC strategies in a targeted manner."

Further inquiry note: Florian Heindl Director Treasury & Risk Management

E-Mail f.heindl@facc.com Mobile +43/664/80 119 1232 Phone +43/59/616-1232

end of announcement euro adhoc

issuer: FACC AG Fischerstraße 9 A-4910 Ried im Innkreis phone: +43/59/616-0 FAX: +43/59/616-81000 mail: office@facc.com WWW: www.facc.com ISIN: AT00000FACC2 indexes: stockmarkets: Wien language: English

Aussendung übermittelt durch euro adhoc The European Investor Relations Service

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