SAF-HOLLAND S.A.: SAF-HOLLAND renews revolving credit line
SAF-HOLLAND renews revolving credit line
Luxembourg, October 10, 2018 - The commercial vehicle supplier SAF-HOLLAND has entered into a new syndicated loan agreement with an international banking syndicate ahead of schedule. The revolving credit line (RCF) agreement has been concluded at more favorable terms overall.
This new syndicated loan facility replaces the existing financing framework and ensures that the SAF-HOLLAND Group has long-term financial resources available at slightly better interest rates.
The credit agreement reached includes a revolving credit facility of EUR 200 million (previously EUR 150 million) that can be drawn on in various currencies. There is an option to extend the facility by an additional EUR 100 million if needed. In concluding this agreement, SAF-HOLLAND has been able to lock in current favorable interest conditions for a period of up to seven years.
SAF-HOLLAND CFO Matthias Heiden explains: "With the new revolving syndicated credit lines, we have increased our available credit facility at more favorable terms and on a broader international basis. This represents another building block in the implementation of our growth strategy and also provides us an even more long-term and flexible financing structure."
About SAF-HOLLAND: SAF-HOLLAND S.A., located in Luxembourg, is the largest independent listed supplier to the commercial vehicle market in Europe delivering mainly to the trailer markets. With sales of approximately EUR 1,139 million in 2017, the Company is one of the world's leading manufacturers and suppliers of chassis-related systems and components for semi-trailers, trailers, trucks, buses, and recreational vehicles. The product range comprises axle and suspension systems, fifth wheels, kingpins, and landing gear marketed under the brands SAF, Holland, Neway, V.Orlandi, KLL and York. SAF-HOLLAND sells its products to Original Equipment Manufacturers (OEM) on six continents. The Group's Aftermarket business supplies spare parts to the service networks of Original Equipment Suppliers (OES), as well as to end customers and service centers through its extensive global distribution network. SAF-HOLLAND is one of the few suppliers in the truck and trailer industry that is internationally positioned in almost all markets worldwide. With the innovation campaign SMART STEEL - ENGINEER BUILD CONNECT, SAF-HOLLAND combines mechanics with sensors and electronics and drives the digital networking of commercial vehicles and logistics chains. More than 4,100 committed employees worldwide are already working today on the future of the transportation industry.Contact: SAF-HOLLAND GmbH Stephan Haas Hauptstraße 26 63856 Bessenbach Phone +49 6095 301-617 Stephan.Haas@safholland.de
10.10.2018 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.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: SAF-HOLLAND S.A. 68-70, boulevard de la Pétrusse L-2320 Luxembourg
Luxemburg Phone: +49 6095 301 - 0 Fax: +49 6095 301 - 260 E-mail: firstname.lastname@example.org Internet: www.safholland.com ISIN: LU0307018795, , WKN: A0MU70 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service