Dornbirn / Austria – The Zumtobel Group has concluded a new syndicated loan agreement with a maximum line of EUR 500 million and a five-year term ending on 28 October 2016. This facility was placed with a syndicate of seven banks led by Commerzbank AG, Raiffeisen Bank International AG and UniCredit Bank Austria AG. The new loan replaces the existing syndicated facility of EUR 480 million that was concluded in 2008 and would have expired in June 2013.
“This new loan agreement allows the Group to refinance at an early stage. It will give us the necessary long-term financial security in these times of growing uncertainty on the capital markets. Our solid financial data and the successful, long-range business model of the Zumtobel Group were the factors that made this step possible,“ commented CFO Mathias Dähn.
Members of the bank syndicate:
Raiffeisen Bank International AG
UniCredit Bank Austria AG
Bank für Tirol und Vorarlberg Aktiengesellschaft
Raiffeisenlandesbank Oberösterreich Aktiengesellschaft
Vorarlberger Landes- und Hypothekenbanken Aktiengesellschaft