SAF-HOLLAND SE

Capital/Financing Update • Jun 19, 2009

News Details

Ad-hoc | 19 June 2009 17:34

SAF-HOLLAND S.A.:Bank Consortium Approves Restructuring Report

SAF-HOLLAND S.A. / Banking Syndicate

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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As expected, the restructuring report for SAF-HOLLAND S.A., an
internationally active supplier for the truck and trailer industry, was
approved by its lending banks with UniCredit and Dresdner Kleinwort as the
leaders of the bank consortium. The restructuring report was prepared by
the accounting firm KPMG in the past weeks. Compared to the preliminary
version, the anticipated additional liquidity requirements from November
2010 decreased from initially EUR 30 million to EUR 16 million. Based on
the approved report which confirms the Group's ability to successfully
restructure, SAF-HOLLAND will now agree a financing concept with the bank
consortium. The current standstill agreement was therefore extended until
the end of July.
19.06.2009 Financial News transmitted by DGAP

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Language: English
Issuer: SAF-HOLLAND S.A.
68-70, boulevard de la Pétrusse
L-2320 Luxembourg
Luxemburg
Phone: +49 6095 301 - 0
Fax: +49 6095 301 - 260
E-mail: info@safholland.de
Internet: www.safholland.com
ISIN: LU0307018795
WKN: A0MU70
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of News DGAP News-Service

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