OHB SE — Capital/Financing Update 2016

May 24, 2016

News Details

Corporate | 24 May 2016 19:30

OHB SE: OHB SE renewing syndicated loan ahead of schedule on improved terms

DGAP-News: OHB SE / Key word(s): Miscellaneous

2016-05-24 / 19:30
The issuer is solely responsible for the content of this announcement.

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Bremen, May 24, 2016. OHB SE (Prime Standard, ISIN DE0005936124) today
signed a contract to renew its general facility agreement which had come
into effect in December 2013. As a result, the facility has been extended
ahead of schedule until May 2021 plus two one-year renewal options. At the
same time, the margin has been substantially lowered and the amount of the
facility reduced by EUR 25 million to EUR 225 million.

As work on the ongoing major projects is proceeding according to schedule,
the loan amount originally agreed upon will no longer be required in the
future. The new credit facility provides sufficient scope for further
operating and strategic steps. With the early renewal of the contract, OHB
SE has been able to benefit from the currently low interest rates and
simultaneously place its funding on a solid footing until at least May
2021.

The funding continues to be provided by a syndicate comprising a total of
seven banks under the lead management of Bayerische Landesbank, Commerzbank
AG and UniCredit Bank AG. The other participating banks are BNP Paribas
S.A., Deutsche Bank AG, LBBW Rheinland-Pfalz Bank and Landesbank Hessen-
Thüringen Girozentrale. OHB SE was advised by financial advisors Herter &
Co. and law firm Jones Day on this transaction.

Contact:
Investor Relations
Martina Lilienthal
Tel.: +49 421 - 2020-720
Fax: +49 421 - 2020-613
E-Mail: martina.lilienthal@ohb.de

Corporate Communications
Martin Stade
Tel.: +49 421 - 2020-620
Fax: +49 421 - 2020-9898
E-Mail: martin.stade@ohb.de

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2016-05-24 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Archive at www.dgap.de

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Language: English
Company: OHB SE
Karl-Ferdinand-Braun-Str. 8
28359 Bremen
Germany
Phone: +49 (0)421 2020 8
Fax: +49 (0)421 2020 613
E-mail: ir@ohb.de
Internet: www.ohb.de
ISIN: DE0005936124
WKN: 593612
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart

 End of News    DGAP News Service