Schaltbau Holding AG: Schaltbau appoints Commerzbank and UniCredit to arrange syndicated financing of at least EUR 100 million

Munich (Germany), 15 May 2019. The Schaltbau Group plans to refinance a major part of its financing, which expires at the end of the year, by means of a new syndicated loan. For this purpose, Schaltbau has now appointed Commerzbank AG and UniCredit Bank AG to arrange a syndicated credit agreement for at least EUR 100 million.

Preparations for the new syndicated credit agreement have been underway for some time and the appointment of the two banks indicates the beginning of the final phase. Other banks have already signalised their readiness to participate in the new credit arrangements.

The syndicated credit agreement is to form the main element of the upcoming refinancing and will be supplemented by further components, particularly a programme to securitise receivables, for which a contractual basis has already been established.

Contact
Wolfgang Güssgen
Head of Investor Relations & Corporate Communications
Schaltbau Holding AG
Hollerithstrasse 5
81829 Munich
Germany
T +49 89 93005-209
guessgen@schaltbau.de
www.schaltbaugroup.com

About Schaltbau
With annual sales in the region of EUR 500 million and around 3,000 employees, the Schaltbau Group is an internationally leading supplier of components and systems in the field of transportation technology and the capital goods industry. With Schaltbau, Bode and Pintsch as their core brands, Schaltbau Group companies develop a wide range of high-quality technologies and customer-specific solutions for rolling stock, rail infrastructure, road vehicles and a range of other industrial applications. The Group’s portfolio includes high- and low-voltage components, door and boarding systems, interior fittings for rolling stock, complete level crossing systems, and shunting and signal technology. Its innovative products make Schaltbau a key industrial supplier, particularly in the field of transportation technology and for industrial applications that require DC switching technology in future-oriented markets such as new energy, electromobility, the DC industry and smart building.

Disclaimer
This corporate news contains statements regarding future developments based on information currently available. As a result of risks and uncertainties, actual outcomes could differ from the forward-looking statements made. Schaltbau Holding AG does not intend to update these forward-looking statements.