DGAP-News: Grammer AG / Key word(s): Capital Reorganisation
Grammer AG expands Financial and Strategic Options
25.10.2012 / 09:34
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Grammer AG expands Financial and Strategic Options
Line of credit increased to EUR 110 million
Bilateral global facility extended to 2015
Amberg, October 25, 2012 - Grammer AG has increased the credit volume of
its existing bilateral global facility from EUR 78.5 million to EUR 110
million and at the same time extended the maturity date by another year to
July 2015.
The prolongation and increase of the credit facility is part of the
long-term financing strategy of the Group. The newly negotiated bilateral
global facility further improves the maturity structure and guarantees a
stable financing of the Group. At the same time it offers attractive terms
and conditions. 'After last year's successful re-alignment of the Group
financing, the new line of credit improves our financial situation even
more and gives us financial options for strategic investments', explains
Hartmut Mueller, CEO of Grammer AG.
Company Profile
Grammer AG, Amberg, Germany, is specialized in the development and
production of components and systems for automotive interiors as well as
driver and passenger seats for offroad vehicles (tractors, construction
machinery, forklifts), trucks, buses and trains. Our Seating Systems
division comprises the truck and offroad seat segments as well as train and
bus seating. In the Automotive division, we supply headrests, armrests and
center console systems to premium automakers and automotive system
suppliers.
Grammer is represented in 18 countries worldwide with a workforce of
approx. 9,000 employees across its 24 fully consolidated subsidiaries.
Grammer shares are listed in the SDAX segment of the German Stock Exchange,
and are traded on the Munich and Frankfurt stock exchanges, via the Xetra
electronic trading platform and on the OTC markets of the Stuttgart, Berlin
and Hamburg stock exchanges
Contact:
GRAMMER AG
Ralf Hoppe
Phone: 0049 9621 66 2200
investor-relations@grammer.com
End of Corporate News
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Language: English
Company: Grammer AG
Postfach 14 54
92204 Amberg
Germany
Phone: +49 (0)9621 66-0
Fax: +49 (0)9621 66-1000
E-mail: investor-relations@grammer.com
Internet: www.grammer.com
ISIN: DE0005895403, DE0005895403
WKN: 589540, 589540
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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190138 25.10.2012
DGAP-News: Grammer AG expands Financial and Strategic Options
| Source: EQS Group AG