SGL CARBON SE — Capital/Financing Update 2002

Dec 20, 2002

News Details

Ad-hoc | 20 December 2002 12:52

SGL Carbon AG english

SGL Carbon successfully concludes refinancing Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Wiesbaden, December 20, 2002. SGL Carbon AG has concluded a comprehensive financing package of firm loan commitments amounting to Euro 510 million. The syndicated loan has a term of two and a half years, and is lead managed by Deutsche Bank and Dresdner Bank. The loans are secured at standard market conditions. The financing package will be used, among other things, to replace short-term credit facilities. Together with the existing Euro 134 million convertible bond, it covers all of SGL Carbons financial liabilities, including the anti-trust fines. SGL Carbon expects the average interest rate for Group financing, in-cluding the convertible bond, to be approximately six percent. This entirely covers the Companys medium-term finance requirements. end of ad-hoc-announcement (c)DGAP 20.12.2002 ——————————————————————————– WKN: 723530; ISIN: DE0007235301; Index: MDAX Listed: Amtlicher Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 201252 Dez 02