Suresnes, March 28th 2019: Recylex S.A. (Euronext Paris: FR0000120388 - RX) announces today that the financial partners of its German sub-group’s have agreed, on the basis of the current state of the ongoing discussions, to waive until April 30th 2019 their rights to early terminate the existing financing agreement. They have also agreed to waive the repayments that were due on December 31st 20181 and on March 31st 2019 until that same date.
Discussions initiated in December 2018 are ongoing with the financial partners of the German sub-group with a view to adapting the financing obtained in December 2016 to the latter's current and forecasted cash generation1.
Recylex will keep investors informed of developments in and the outcome of the ongoing discussions.
1 See press releases of December 5th 2018, February 7th 2019 and March 26th 2019.
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Raw materials from urban mines
The Recylex Group, based in France and Germany, is a European specialist in the recycling of lead, zinc, polypropylene and in the production of high-purity special metals. As a key player in the circular economy and thanks to its long-standing know-how, Recylex achieved consolidated sales of € 365 million in 2018 and employs more than 730 people.
To find out more, please visit our website www.recylex.fr or join @Recylex on Twitter and LinkedIn.
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Press/Investor contact:
Gabriel ZEITLIN
+ 33 (0)1 58 47 29 89
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