09.07.2018
EDAG Engineering Group AG CH0303692047
DGAP-News: EDAG Engineering Group AG: EDAG places promissory note loan in the amount of 120 million Euros
DGAP-News: EDAG Engineering Group AG / Key word(s): Financing
EDAG Engineering Group AG: EDAG places promissory note loan in the amount of
120 million Euros
09.07.2018 / 08:30
The issuer is solely responsible for the content of this announcement.
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EDAG Engineering Group AG: EDAG places promissory note loan in the amount of
120 million Euros
Arbon 09. July 2018
EDAG, a leading independent engineering services provider to the global
automotive industry, has realigned its financing. By way of a promissory
note loan (Schuldschein), 120 million Euros with maturities of five to ten
years have been successfully placed. The funds obtained will be used to
refinance existing liabilities at advantageous rates on the one hand, and to
secure the further growth of the company on the other hand.
"The successful transaction shows the trust of investors in our company and
the strategic focus of the EDAG Group as an innovative partner to the global
automotive industry", says Juergen Vogt, CFO of the company. "We took
advantage of the favourable environment at the loan market, in order to
secure our financing for a longer period, and to significantly improve the
maturity profile. We have now aligned our financing for the dynamic growth
in the currently changing environment within the automotive industry."
The promissory note loan (Schuldschein) was placed with a broadly
diversified group of investors in the German-speaking region. Landesbank
Baden-Württemberg, Unicredit and Landesbank Hessen-Thüringen accompanied the
transaction.
About EDAG
EDAG is an independent engineering services provider to the global
automotive industry. The company serves leading domestic and international
vehicle OEMs and sophisticated automotive suppliers through a global network
of about 60 sites in major automotive centres of the world.
EDAG offers complementary engineering services across its Vehicle
Engineering, Electrics/Electronics and Production Solutions businesses.
Based on these extensive capabilities, EDAG can support clients across the
entire value chain from the original design idea to product development and
prototype construction all the way to the delivery of turnkey production
systems. As a technology and innovation leader, EDAG also operates
established centres of excellence that design landmark technologies for
future applications in the automotive industry: lightweight construction,
electric mobility, car IT, integral safety and new production technologies.
In financial year 2017, the company generated revenues of EUR 717 million
and an adjusted EBIT of EUR 32.6 million. As at 31 December 2017, 8,404
employees (including apprentices) worked for EDAG in 19 countries.
Contacts:
Investor Relations
Sebastian Lehmann
Head of Investor Relations
Phone: +49 (0) 611- 7375 168
Mail: [email protected]
ir.edag.de
Public Relations
Christoph Horvath
Press Officer EDAG Group
Phone: +49 (0) 661- 6000 570
Mail: [email protected]
www.edag.de
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09.07.2018 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.
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Archive at www.dgap.de
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Language: English
Company: EDAG Engineering Group AG
Schlossgasse 2
9320 Arbon
Switzerland
Phone: +41 71 54433-0
E-mail: [email protected]
Internet: www.edag.com
ISIN: CH0303692047
WKN: A143NB
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart
End of News DGAP News Service
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