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RoodMicrotec N.V. — Regulatory Filings 2010
Dec 21, 2010
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Download source filePRESS RELEASE
Zwolle –December 21, 2010
RoodMicrotec strengthens equity position with almost
EUR 2.0 million
RoodMicrotec N.V. has successfully secured mezzanine capital of € 1.994 million without repayment obligation, providing a long-term strengthening of the company’s equity position.
As part of the transaction, the company has placed pension commitments of an equivalent amount with a German pension fund. Thus, this fund has taken over the annual pension payments to pensioners of approximately € 205,000. RoodMicrotec will pay 11.7% annual interest on this mezzanine capital (equity component), or € 233,000.
‘This amount of € 2.0 million is a significant improvement of our equity position, while at the same time improving our credit rating, which in turn will positively impact future debt interest rates,’ Philip Nijenhuis, RoodMicrotec CEO stated.
The Luxembourg-based PLENTUM-Gruppe, which supervised the placement, has been successful in financing and outsourcing pension commitments since 2008. ‘We are a specialised financing partner for medium-sized companies. With our financial resources, RoodMicrotec will be able in the next few years to focus on expanding its worldwide operations, and has at the same time secured consistent and long-term financing of the obligations arising from existing pension commitments,’ Jörg Flohr, chairman of the board of PLENTUM-Gruppe, added.
RoodMicrotec aims to grow further over the next few years, both in terms of sales and result, while ensuring healthy balance sheet ratios.
About RoodMicrotec
With 40 years’ experience as an independent value-added microelectronics and optoelectronics service provider, RoodMicrotec offers a one-stop shopping proposition to fabless companies, OEMs and other business partners.
RoodMicrotec has built up a strong position in Europe with its powerful solutions. Its services comply with the highest industrial and quality requirements demanded by the high-reliability/aerospace, automotive, telecommunications, medical, IT and electronics sectors.
‘Certified by RoodMicrotec’ concerns certification of products inter alia to the stringent ISO/TS 16949 standard for suppliers to the automotive industry. The company has an accredited laboratory for testing and calibration activities in accordance with the ISO/IEC 17025 standard.
The value-added services include failure & technology analysis, qualification & monitoring burn-in, test- & product engineering, production test (including device programming and end-of-line service), ESD/ESDFOS assessment & training, quality & reliability consulting, supply chain management and total manufacturing solutions with partners.
RoodMicrotec has facilities in Germany (Dresden, Nördlingen, Stuttgart) and in the Netherlands (Zwolle).
For further information:
Philip Nijenhuis, CEO
Telephone: + 31 (0)38 4215216
Email: [email protected]
Website: www.roodmicrotec.com