Masterflex SE — Capital/Financing Update 2013

May 3, 2013

News Details

Ad-hoc | 3 May 2013 12:14

Masterflex SE: New medium-term refinancing agreed

Masterflex SE / Key word(s): Banking Syndicate/Corporate Action

03.05.2013 12:14

Dissemination 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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Gelsenkirchen, 3 May 2013 - Today, Masterflex SE concluded a new syndicated
loan with four banks totalling up to EUR 40 million divided into three
tranches with a duration to June 2018; implementation is planned for June.
The new agreement replaces the current syndicated loan (duration until
2015) and essentially all other credit lines in the Masterflex Group. It
also provides funds for potential acquisitions in the core business.
Covenants are equity ratio, interest cover and leverage ratio. However, the
state guarantee no longer applies and is not replaced.

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Information and Explaination of the Issuer to this News:

Masterflex SE's new syndicated loan will combine essentially all financial
liabilities to banks in one amortising loan. The second tranche is a
revolving credit facility and the third tranche, called a hunting facility,
serves to fund potential acquisitions in the hose business, which the
Masterflex Group is targeting as part of its long-term growth strategy. The
conditions and the collateral concept for the new syndicated loan take into
account the Group's increased credit rating; the interest margin is
therefore reduced and the demanding conditions of the state guarantee,
which was still necessary in 2010, no longer apply. In addition, the number
of banks was reduced from six to four.

With this new syndicate agreement, Masterflex has not only adjusted its
financing structure to changed interest rates and its increased credit
rating, but it has also become more independent from lending / financing
risks resulting from changes to banking regulations (Basel III).
Furthermore, it has secured funding for potential acquisitions in the hose
business.

The Masterflex Group is a specialist in the development and production of
high-quality connector and hose systems. With 13 operating units in Europe,
America and Asia, the Group is represented almost all over the world. Its
growth is driven by internationalisation and innovation.

Contact: Dr Annette Littmann, tel. +49 209 970 77 44, e-mail:
annette.littmann@masterflex.de

03.05.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language: English
Company: Masterflex SE
Willy-Brandt-Allee 300
45891 Gelsenkirchen
Germany
Phone: +49 (0)209 97077-44
Fax: +49 (0)209 97077-20
E-mail: annette.littmann@masterflex.de
Internet: www.masterflex.de
ISIN: DE0005492938
WKN: 549 293
Indices: Prime all share
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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