Capital/Financing Update • Sep 11, 2014
Capital/Financing Update
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Corporate | 11 September 2014 16:43
Muehlhan AG: Muehlhan improves its financing arrangements
Muehlhan AG / Key word(s): Financing
11.09.2014 / 16:43
PRESS RELEASE
Muehlhan improves its financing arrangements
Hamburg, 11 September 2014: Muehlhan AG (Entry Standard; ISIN DE000A0KD0F7) has placed its financing on a new footing. The Group has at its disposal a syndicated loan under the leadership of Commerzbank AG, with a volume of EUR 42.5 million and a term of 5 years. Compared with the previous financing arrangements, which were predominantly bond-based, the terms of the new arrangements are much more favorable and flexible. The loan includes an investment facility of some EUR 20 million, providing the required financial latitude for the Muehlhan Group’s long-term plans for growth.
About Muehlhan: Worldwide, the Muehlhan Group is a reliable partner in industrial services and high-quality surface protection. As one of the few full-service providers, we offer our customers a broad range of services designed to meet the exacting quality standards expected in professional industrial services. Our customers benefit from our exceptional organizational skills, on-time delivery, the technical expertise that differentiates us from our competitors and our more than 130 years of experience.
Our operations are divided into five business segments: Ship Newbuilding, Ship Repair, Energy, Industry and Other Services. With our workforce of more than 2,300 employees at over 30 locations worldwide, we generated sales revenues of EUR 208 million in 2013. We intend to use this stable foundation to further expand our business in the coming years and to continue moving our Group forward through proximity to our customers in the global market.
For more information, visit www.muehlhan.com
Press contact: Muehlhan AG; Tel: +49 40 75271-150; e-mail: [email protected]
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| Language: | English |
| Company: | Muehlhan AG |
| Schlinckstrasse 3 | |
| 21107 Hamburg | |
| Germany | |
| Phone: | +49 40 75271 0 |
| Fax: | +49 40 75271 130 |
| E-mail: | [email protected] |
| Internet: | www.muehlhan.com |
| ISIN: | DE000A0KD0F7 |
| WKN: | A0KD0F |
| Listed: | Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart; Frankfurt in Open Market (Entry Standard) |
| End of News | DGAP News-Service |
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| 286698 11.09.2014 |
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