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GRAMMER AG — Capital/Financing Update 2012
Oct 25, 2012
186_rns_2012-10-25_108eb483-7b72-4d94-a8ee-9ea99a5f51fe.html
Capital/Financing Update
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Corporate | 25 October 2012 09:34
Grammer AG expands Financial and Strategic Options
Grammer AG / Key word(s): Capital Reorganisation
25.10.2012 / 09:34
Grammer AG expands Financial and Strategic Options
Line of credit increased to EUR 110 million
Bilateral global facility extended to 2015
Amberg, October 25, 2012 – Grammer AG has increased the credit volume of its existing bilateral global facility from EUR 78.5 million to EUR 110 million and at the same time extended the maturity date by another year to July 2015.
The prolongation and increase of the credit facility is part of the long-term financing strategy of the Group. The newly negotiated bilateral global facility further improves the maturity structure and guarantees a stable financing of the Group. At the same time it offers attractive terms and conditions. 'After last year's successful re-alignment of the Group financing, the new line of credit improves our financial situation even more and gives us financial options for strategic investments', explains Hartmut Mueller, CEO of Grammer AG.
Company Profile
Grammer AG, Amberg, Germany, is specialized in the development and production of components and systems for automotive interiors as well as driver and passenger seats for offroad vehicles (tractors, construction machinery, forklifts), trucks, buses and trains. Our Seating Systems division comprises the truck and offroad seat segments as well as train and bus seating. In the Automotive division, we supply headrests, armrests and center console systems to premium automakers and automotive system suppliers.
Grammer is represented in 18 countries worldwide with a workforce of approx. 9,000 employees across its 24 fully consolidated subsidiaries.
Grammer shares are listed in the SDAX segment of the German Stock Exchange, and are traded on the Munich and Frankfurt stock exchanges, via the Xetra electronic trading platform and on the OTC markets of the Stuttgart, Berlin and Hamburg stock exchanges
Contact:
GRAMMER AG
Ralf Hoppe
Phone: 0049 9621 66 2200
End of Corporate News
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| Language: | English |
| Company: | Grammer AG |
| Postfach 14 54 | |
| 92204 Amberg | |
| Germany | |
| Phone: | +49 (0)9621 66-0 |
| Fax: | +49 (0)9621 66-1000 |
| E-mail: | [email protected] |
| Internet: | www.grammer.com |
| ISIN: | DE0005895403, DE0005895403 |
| WKN: | 589540, 589540 |
| Indices: | SDAX |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart |
| End of News | DGAP News-Service |
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| 190138 25.10.2012 |