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DGAP-News: M.A.X. Automation AG puts group financi

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Post# of 301275
Posted On: 06/25/2015 3:00:08 AM
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Posted By: News Desk 2018
DGAP-News: M.A.X. Automation AG puts group financing on a new foundation

DGAP-News: M.A.X. Automation AG / Key word(s): Financing M.A.X. Automation AG puts group financing on a new foundation 25.06.2015 / 08:51 --------------------------------------------------------------------- PRESS RELEASE M.A.X. Automation AG puts group financing on a new foundation - New syndicated loan in the amount of EUR 150 million with a term of at least 5 years arranged - Replacement of existing credit lines optimizes refinancing costs and creates additional scope to take action - Member of the Management Board Fabian Spilker: "Long-term, stable financing basis as prerequisite for further growth" Düsseldorf, June 25, 2015 - M.A.X. Automation AG has placed both its and its group companies' financing on a new foundation and broadened the basis for further growth. To achieve this objective, the high-tech mechanical engineering group has arranged a new syndicated loan in the amount of EUR 150 million with five renowned banks led by Commerzbank. The agreement has a term of 5 years and includes several options on extending the loan. M.A.X. Automation is thus taking advantage of the current attractive market environment and reducing the complexity of its group financing over the long-term. The new financing package replaces M.A.X. Automation AG's previous syndicated loan, but also significant bilateral lending relationships of its group companies. This, in turn, frees up collateral for its group companies. Furthermore, refinancing creates a credit line for use in financing new orders or to take advantage of growth opportunities, through acquisitions, for example. The new financing structure in conjunction with improved working capital management will reduce interest expenses by up to EUR 1 million per year and have a positive impact on the company's earnings situation. This syndicated financing is being provided by Commerzbank, Deutsche Bank, the LBBW Group, HypoVereinsbank and the Raiffeisenverband Salzburg, a banking partner that M.A.X. Automation has worked with for many years. Thanks to M.A.X. Automation's good credit rating, the company had the chance to work with further banking partners and utilize a higher amount of the agreed syndicated loan. Fabian Spilker, Member of the Management Board of M.A.X. Automation AG: "The group financing that we have now negotiated represents an important building block in realizing synergies within M.A.X. Automation Group. The involvement of renowned banks and extremely positive reactions confirm the confidence that our company has earned on the capital market in recent years. The new financing will provide a long-term stable basis for the future growth of M.A.X. Automation. Furthermore, the loan will reduce administrative effort and make it easier for us to plan because group financing will be concentrated inside the holding in the future." Press contact: Frank Elsner / Frank Paschen Frank Elsner Kommunikation für Unternehmen GmbH Phone: +49 - 5404 - 91 92 0 Fax: +49 - 5404 - 91 92 29 About M.A.X. Automation: M.A.X. Automation AG (WKN: 658090/ISIN: DE0006580905), Düsseldorf, is an internationally active group of companies that includes the two segments Industrial Automation and Environmental Technology. M.A.X. Automation offers technologically advanced products and solutions in both areas for order-based special machine construction and for standard systems. The group companies that comprise M.A.X. Automation are active in sustainable growth markets such as automobile manufacturing, medical technology, recycling, packaging automation, and the electrical and electronics industries. We develop and manufacture technologically sophisticated components and system solutions for special machine construction that meet our customers' individual demands. Innovative technologies from areas such as microassembly and robotics are used here. --------------------------------------------------------------------- 25.06.2015 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. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: M.A.X. Automation AG Breite Straße 29-31 40213 Düsseldorf Germany Phone: +49 (0)211 90991-0 Fax: +49 (0)211 90991-11 E-mail: Investor.Relation@maxautomation.de Internet: www.maxautomation.de ISIN: DE0006580905 WKN: 658090 Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 371863 25.06.2015



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