Adval Tech Holding AG

Capital/Financing Update • Jul 4, 2014

News Details

Ad-hoc | 4 July 2014 07:00

New credit contract for Adval Tech Group

New credit contract for Adval Tech Group
Niederwangen, 4 July 2014, 7 a.m. – The Adval Tech Group has replaced its credit contract with two big Swiss banks, which expired at the end of June 2014, with a new agreement with four banks – three in Switzerland and one in Germany. The credit facility remains at CHF 85 million. The term to maturity is three years. An amount of at least CHF 15 million will be paid off by the end of 2016. The credit contract of the Adval Tech Group with the four banks is subject to a number of covenants. These comprise the following financial key figures: leverage ratio, minimum equity for the Group and minimum available liquidity. A major shareholder of Adval Tech Holding Ltd has granted the lender banks a guarantee of CHF 25 million.
Contact Markus Reber, CFO, phone +41 31 980 82 70; markus.reber@advaltech.com Background information about the Adval Tech Group Adding value through innovation – that’s what Adval Tech stands for. As a global technology and process partner Adval Tech focuses on the complementary technologies of metal stamping and forming and plastic injection molding. In selected markets in the automotive, medical technology and consumer goods sectors, Adval Tech is a leading global supplier of series parts, subassemblies, systems and tools. As a supplier and value-adding partner, Adval Tech covers the entire value chain: from product design and the development of series parts through construction and production of the necessary tools and molds to entire production systems and the resulting manufacture of components. Agenda August 2014 – Announcement of semi-annual results 2014