DGAP-Adhoc: SAF-HOLLAND S.A.: Negotiations with the banks almost complete - standstill agreement extended until the end of November

| Source: EQS Group AG EQS Group AG 

SAF-HOLLAND S.A. / Banking Syndicate

27.10.2009 

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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SAF-HOLLAND and its banks are close to completing negotiations on securing
the Company's long-term financing. In order to fully complete the
negotiations and to allow the consortium banks and committees adequate time
to finalize details on the points  being negotiated, a further extension of
the forbearance or standstill agreement to November 25, 2009 has been
agreed. The new financing agreement aims to put the Company on a solid
financial footing over the long term and create sufficient financial
flexibility for the operative restructuring of the Company, including 
anticipated growth. At this point in the  negotiations, transferring the
operating business to a trustee is no longer a requirement for the securing
of financing.

The Board of Directors

Luxembourg, October 27, 2009

 



Contact:
SAF-HOLLAND Group GmbH
Barbara Zanzinger
Hauptstraße 26
63856 Bessenbach

Phone +49 6095 301-617
barbara.zanzinger@safholland.de




27.10.2009  |[![CDATA[|[a href="http://www.dgap.de"|]Financial News transmitted by DGAP|[/a|]]]|]

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Language:     English
Company:      SAF-HOLLAND S.A.
              68-70, boulevard de la Pétrusse
              L-2320 Luxembourg
              Luxemburg
Phone:        +49 6095 301 - 0
Fax:          +49 6095 301 - 260
E-mail:       info@safholland.de
Internet:     www.safholland.com
ISIN:         LU0307018795
WKN:          A0MU70
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, München, Hamburg, Stuttgart
 
End of News                                     DGAP News-Service
 
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