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R. STAHL signs a new syndicated loan agreement for a volume of up to €95 million with a term of up to five years

PRESS RELEASE

R. STAHL signs a new syndicated loan agreement for a volume of up to €95 million with a term of up to five years

Waldenburg, 16 December 2019 – R. STAHL, leading supplier of products and systems for explosion protection, signed a new syndicated loan agreement to finance the group. This comprises a volume of €70 million with the possibility to be increased by a further €25 million and has an initial term of three years with the possibility of an extension for up to two more years.

"R. STAHL’s significantly improved earnings and financial position in the past two years is rewarded by our banking partners. With the conclusion of the new syndicated loan agreement, we are reducing our costs of debt compared to the previous conditions to the current low market level. At the same time, we secure the long-term financing of the Group and create the necessary scope to shape the profitable growth that we want to achieve in the future”, said Dr. Mathias Hallmann, CEO of R. STAHL.

The syndicate of the new agreement includes Deutsche Bank, Commerzbank, UniCredit Bank and BNP Paribas. The previous syndicated loan agreement, which was concluded in 2015 for five years, would have run until September 2020 and most recently included a cash line of €65 million and an expansion option of €25 million, is expected to be prematurely replaced in January 2020 once the contractual requirements are met. As in the case of the previous syndicated loan agreement, the new agreement is linked to compliance with certain key figures.


Contact
R. STAHL AG
Am Bahnhof 30, 74638 Waldenburg (Württ.)
Dr. Thomas Kornek
Head of Investor Relations & Corporate Communications
T: +49 7942 943-1395
E: [email protected]


About R. STAHL – www.r-stahl.com
R.  STAHL is the world's leading supplier of electrical and electronic products and systems for explosion protection.  These products and systems prevent explosions in hazardous areas and contribute to the safety of people, machines and the environment.  The portfolio ranges from products used in switching/distributing, installing, operating/monitoring, lighting and signalling/alarming up to automation.  Typical customers are the oil & gas industry, the chemical and pharmaceutical industry and the food industry.  In 2018, global sales amounting to about €280 million were generated by 1,690 employees.  The shares of R. STAHL AG are traded on the Regulated Market/Prime Standard of Deutsche Boerse (ISIN DE000A1PHBB5).

The contents of this press release are intended to address all genders. For the sake of readability and without any intent to discriminate, only the male form will be used.

 

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R. STAHL signs a new syndicated loan agreement for a volume of up to €95 million with a term of up to five years

PRESS RELEASE

R. STAHL signs a new syndicated loan agreement for a volume of up to €95 million with a term of up to five years

Waldenburg, 16 December 2019 – R. STAHL, leading supplier of products and systems for explosion protection, signed a new syndicated loan agreement to finance the group. This comprises a volume of €70 million with the possibility to be increased by a further €25 million and has an initial term of three years with the possibility of an extension for up to two more years.

"R. STAHL’s significantly improved earnings and financial position in the past two years is rewarded by our banking partners. With the conclusion of the new syndicated loan agreement, we are reducing our costs of debt compared to the previous conditions to the current low market level. At the same time, we secure the long-term financing of the Group and create the necessary scope to shape the profitable growth that we want to achieve in the future”, said Dr. Mathias Hallmann, CEO of R. STAHL.

The syndicate of the new agreement includes Deutsche Bank, Commerzbank, UniCredit Bank and BNP Paribas. The previous syndicated loan agreement, which was concluded in 2015 for five years, would have run until September 2020 and most recently included a cash line of €65 million and an expansion option of €25 million, is expected to be prematurely replaced in January 2020 once the contractual requirements are met. As in the case of the previous syndicated loan agreement, the new agreement is linked to compliance with certain key figures.


Contact
R. STAHL AG
Am Bahnhof 30, 74638 Waldenburg (Württ.)
Dr. Thomas Kornek
Head of Investor Relations & Corporate Communications
T: +49 7942 943-1395
E: [email protected]


About R. STAHL – www.r-stahl.com
R.  STAHL is the world's leading supplier of electrical and electronic products and systems for explosion protection.  These products and systems prevent explosions in hazardous areas and contribute to the safety of people, machines and the environment.  The portfolio ranges from products used in switching/distributing, installing, operating/monitoring, lighting and signalling/alarming up to automation.  Typical customers are the oil & gas industry, the chemical and pharmaceutical industry and the food industry.  In 2018, global sales amounting to about €280 million were generated by 1,690 employees.  The shares of R. STAHL AG are traded on the Regulated Market/Prime Standard of Deutsche Boerse (ISIN DE000A1PHBB5).

The contents of this press release are intended to address all genders. For the sake of readability and without any intent to discriminate, only the male form will be used.

 

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