ElringKlinger agrees syndicated loan of EUR 350 million
Dettingen/Erms (Germany), February 15, 2019 +++ ElringKlinger AG has today concluded a syndicated loan agreement with a syndicate consisting of six domestic and international banks. The agreement covers a total volume of EUR 350 million over a minimum term of five years. The proceeds from the loan are to be used for the purpose of general corporate funding and the refinancing of existing bilateral lines of credit. In taking this step, the Group has optimized its financing structure and created a more solid foundation for corporate planning, also with regard to the transformation process in the automotive industry.
For further information please contact:
Dr. Jens Winter
Phone +49 7123 724-88335
Fax +49 7123 724-85 8335