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NORMA Group SE — Capital/Financing Update 2014
Sep 30, 2014
311_rns_2014-09-30_d942ebf9-58c7-414c-9a91-62dd27f2a10d.html
Capital/Financing Update
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Corporate | 30 September 2014 10:37
NORMA Group SE optimizes group financing
NORMA Group SE / Key word(s): Financing/Financing
30.09.2014 / 10:37
NORMA Group SE optimizes group financing
Maintal, Germany, 30 September 2014 – NORMA Group SE, (“NORMA Group”) an international market and technology leader for engineered joining technology, has optimized its long-term group financing and secured a syndicated loan. The new credit line comes with significantly lower borrowing costs and a maturity of up to seven years.
NORMA Group will use the new credit line to repay existing bank loans. NORMA Group already repaid over half of its syndicated loan in January 2014. With the new financing scheme, the company will fully repay the existing loans taken out in 2011 on 30 September 2014.
“We have taken advantage of the attractive interest rate environment to make our financing more flexible and long-term,” says Dr Othmar Belker, CFO of NORMA Group. “The favorable conditions enable us to reduce our total financing costs.”
Additional information on the company is available on www.normagroup.com . Press photos are available from our platform on www.normagroup.com/images .
Contact
NORMA Group SE
Daphne Recker
Media Relations
E-mail: [email protected]
Tel: +49 (0)6181 – 6102 743
About NORMA Group
NORMA Group is an international market and technology leader in engineered joining technology. The company manufactures a wide range of innovative joining technology solutions in three product categories (clamp, connect and fluid) and offers more than 30,000 high-quality products and solutions to around 10,000 customers in 100 countries. NORMA Group joining products can be found in vehicles, ships, trains, aircraft, domestic appliances, engines and plumbing systems as well as in applications for the pharmaceutical and biotechnology industry. The company generated sales of around EUR 636 million in 2013. With around 5,000 employees, NORMA Group operates a global network of 21 production facilities as well as numerous sales and distribution sites across Europe, the Americas, and Asia-Pacific. Since April 2011, NORMA Group is listed on the German stock exchange and included in the MDAX index since March 2013.
30.09.2014 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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| Language: | English |
| Company: | NORMA Group SE |
| Edisonstr. 4 | |
| 63477 Maintal | |
| Germany | |
| Phone: | +49 (0)6181-6102-741 |
| Fax: | +49 (0)6181-6102-7641 |
| E-mail: | [email protected] |
| Internet: | www.normagroup.com |
| ISIN: | DE000A1H8BV3 |
| WKN: | A1H8BV |
| Indices: | MDAX |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart |
| End of News | DGAP News-Service |
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| 289384 30.09.2014 |