Earnings Release • Mar 25, 2021
Earnings Release
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Martin Sallenhag, CEO Arvid Ladega, CFO
RoodMicrotec N.V. Zutphenseweg 29 D1 NL-7418 AH Deventer
Deventer, March 25, 2021 – RoodMicrotec N.V., a leading independent company for semiconductors supply and quality services, today announces the completion of the refinancing of the secured bond loan issued in 2014. A small group of long time investors has provided the funds for the new loan to the Company and the Company has transferred the funds to NPEX, who will administer the repayment of the outstanding bonds in the amount of EUR 2.5 million to the bond-holders. RoodMicrotec's management participates in the refinancing to show their confidence in the Company's business plans and future projects.
The redemption date of the bonds is Wednesday March 31, 2021. The last trading day of the RoodMicrotec bonds on the NPEX will be Tuesday March 30, 2021.
The refinancing comprises the following key elements of the new loan:
"The completion of the new financing enables us as Board of Management to focus on the future business growth of RoodMicrotec. It also provides a solid base for the next three years in which we plan to continue to develop our services to meet the increasing demands from our customers, especially given the current challenging climate in the semiconductor industry." says Martin Sallenhag, CEO of RoodMicrotec N.V. "I would like to express our sincere gratitude to the long time investors that have shown a great deal of confidence in the future direction of RoodMicrotec, as well as to the current bond-holders that have supported us since 2014 by participating in the secured bond loan."
This press release contains a number of forward-looking statements. These statements are based on current expectations, estimates and prognoses of the Board of Management and on the information currently available to the Company. The statements are subject to certain risks and uncertainties which are hard to evaluate, such as the general economic conditions, interest rates, exchange rates and amendments to statutory laws and regulations. The Board of Management of RoodMicrotec cannot guarantee that its expectations will materialize. Furthermore, RoodMicrotec does not accept any obligation to update the statements made in this press release.
RoodMicrotec is a leading independent company for semiconductor supply and quality services. With more than 50 years of experience in the semiconductor and electronics industry, RoodMicrotec is well-established as a highly valued partner for many companies worldwide. The Company provides full-turnkey ASIC services for complex microchips that are customized to handle specific applications for individual customers. In cooperation with strong partners, RoodMicrotec manages the entire development and production flow of ASICs in the target volume, ranging from low quantities up to multiple millions per year. The turnkey solution includes project management, wafer test, assembly, final test, qualification, failure analysis and logistics. All services comply with the industrial and quality requirements of the high reliability, aerospace, automotive, healthcare and industrial sectors. RoodMicrotec's headquarter is located in Deventer, Netherlands, with operational units in Nördlingen and Stuttgart, Germany.
For more information visit https://www.roodmicrotec.com
Martin Sallenhag - CEO, Arvid Ladega - CFO Telephone: +31 570 745623 Email: [email protected] Web: www.roodmicrotec.com
This press release is published in English and German. In case of conflict between these versions the English version shall prevail.
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