WashTec AG — Capital/Financing Update 2005

Jun 23, 2005

News Details

Ad-hoc | 23 June 2005 18:29

WashTec AG reduces interest expenses with new syndicated bank loan

WashTec AG / Key word(s): Miscellaneous

23.06.2005 / 18:29

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Augsburg, 23 June 2005 – WashTec AG has transferred its short-term working capital loan into a syndicated long-term loan. The loan agreement has a term lasting over three years to at least December 31, 2008. The syndicated loan agreed with a syndicate of banks lead by Bayerische Hypo- und Vereinsbank AG, totals EUR 75 million. Depending on the level of the company’s financial gearing, bank debt interest expenses should be reduced considerably. The subordinated loan of the shareholders Edelmar, Achernar and Augias which is interest free until June 30, 2005, has been retained. The subordinated loan has been renewed to 30 June 2010 and will bear interest from July 1, 2005. In connection with the capital increase resolved by the WashTec annual general meeting on June 15, 2005, the majority of the subordinated loan shall be repaid.

Contact:

Karoline Kalb, Investor Relations

WashTec AG

Argonstraße 7

86153 Augsburg

Tel.: +49 (0)821 – 55 84 – 0

Fax: +49 (0)821 – 55 84 – 12 06

End of ad hoc announcement

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Language:	English
Company:	WashTec AG
	Argonstraße 7
	86153 Augsburg
	Germany
Phone:	+49 (0)821 55 84-0
Fax:	+49 (0)821 55 84-1135
E-mail:	washtec@washtec.de
Internet:	www.washtec.de
ISIN:	DE0007507501
WKN:	750750
Listed:	Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart

End of News	DGAP News-Service

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