Oerlikon gab heute bekannt, dass der Konzern eine Vereinbarung über einen neuen revolvierenden syndizierten Kreditvertrag über CHF 600 Mio.
Pfäffikon, Schwyz, Switzerland – December 7, 2016 – Oerlikon signed today an agreement for a new, unsecured Syndicated Revolving Credit Facility amounting to CHF 600 million. The facility comprises a revolving credit facility and an ancillary credit facility with a five-year term and two optional one-year extensions, and will reduce Oerlikon’s annual financing costs by around CHF 0.5 million. The parameters of the new agreement underline the continuing financial strength of Oerlikon, with both the pricing and the terms and conditions in line with syndicated loan market standards for investment grade companies. The syndicate consists of a stable relationship bank group comprising Commerzbank AG and UniCredit Bank AG, who both acted as syndicate coordinators, as well as BNP Paribas (Suisse) SA, Credit Suisse (Schweiz) AG, Deutsche Bank Luxembourg S.A., DBS Bank LTD., HSBC Bank PLC, J.P. Morgan Limited, Landesbank Baden-Württemberg, Société Générale Corporate and Investment Banking, UBS Switzerland AG and Zürcher Kantonalbank as Mandated Lead Arrangers and Bremer Kreditbank AG as Lead Arranger. The new Syndicated Revolving Credit Facility is for general corporate purposes and with immediate effect has replaced the existing credit facility that was due to expire in July 2017.
Oerlikon CFO Jürg Fedier said: “Our successful refinancing will secure our financial flexibility in the future and enable us to implement our organic and inorganic growth strategy. The terms and conditions reflect the current interest environment and the confidence of the financial markets in Oerlikon’s underlying operational and financial performance.”
Oerlikon (SIX: OERL) is a leading global technology Group, with a clear strategy of becoming a global powerhouse in surface solutions, advanced materials and materials processing. The Group is committed to investing in value-bringing technologies that provide customers with lighter, more durable materials that are able to increase performance, improve efficiency and reduce the use of scarce resources. A Swiss company with over 100 years of tradition, Oerlikon has a global footprint of over 13 500 employees at more than 170 locations in 37 countries and sales of CHF 2.7 billion in 2015. The company invested CHF 103 million in R&D in 2015 and has over 1 350 specialists developing innovative and customer-oriented products and services.
OC Oerlikon Corporation AG, Pfäffikon (together with its affiliates hereinafter referred to as “Oerlikon”) has made great efforts to include accurate and up-to-date information in this document. However, Oerlikon makes no representation or warranties, expressed or implied, as to the truth, accuracy or completeness of the information provided in this document and Oerlikon disclaims any liability whatsoever for the use of it.
This document (including all statements made therein) is based on estimates, assumptions and other information currently available to the management of Oerlikon. This document contains certain statements related to the future business and financial performance or future events involving Oerlikon that may constitute forward-looking statements. The forward-looking statements contained herein could be substantially impacted by risks, influences and other factors (many of which are not foreseeable at present and/or are beyond Oerlikon`s control), so that actual results, including Oerlikon’s financial results and results of operation, may vary materially from and be worse than those (expressly or implicitly) anticipated, expected or projected in the forward-looking statements. There can be no assurance and no representation or warranty, express or implied, given that such forward-looking statements will be realized. Oerlikon is under no obligation to (and expressly disclaims any obligation to) update or otherwise review its forward-looking statements, whether as a result of new information, future events or otherwise.
This document, including any and all information contained therein, is not intended as, and may not be construed as, an offer or solicitation by Oerlikon for the purchase or disposal, trading or any transaction in any Oerlikon securities. Investors must not rely on this information for investment decisions and are solely responsible for forming their own investment decisions.