Adval Tech Holding AG

Capital/Financing Update • Aug 16, 2013

News Details

Ad-hoc | 16 August 2013 07:00

Adval Tech Group extends credit contract

Adval Tech Group extends credit contract
Niederwangen, 16 August 2013, 7.00 a.m. – The Adval Tech Group has extended its credit contract with two big Swiss banks until 30 June 2014. The credit facility of CHF 120 million will be reduced in several steps to max. CHF 85 million by the end of 2013. The credit contract of the Adval Tech Group with two big Swiss banks is subject to a number of covenants. These comprise the following financial key figures: minimum equity for the Group, minimum target EBITDA and minimum available liquidity. The extended credit contract provides for a total multi-stage reduction in the credit facility of CHF 35 million to a maximum of CHF 85 million by the end of 2013. A major shareholder of Adval Tech Holding Ltd has granted the lender banks a guarantee for half of the amount of the original credit facility.
Contact Markus Reber, CFO, Phone: +41 31 980 82 70, markus.reber@advaltech.com Background information about the Adval Tech Group Adding value through innovations – 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. Adval Tech operates in the markets under the names AWM, FOBOHA, Omni, QSCH, Styner+Bienz and Teuscher. Diary August 29, 2013: Media release on semiannual results 2013 March 2014: Announcement of the results for the 2013 financial year April 29, 2014: Conference for financial analysts and press conference on annual report 2013 May 22, 2014: General meeting of shareholders in Bern