MOBILEZONE HOLDING AG PRESS RELEASE
Rotkreuz, 18 December 2020
mobilezone successfully concludes the refinancing of all bilateral credit agreements and the syndicated credit line agreement in a new syndicated credit line of CHF 140 million.
mobilezone successfully completed a new syndicated credit line agreement for CHF 140 million on 17 December 2020 with a term of 5 years. With this transaction, mobilezone utilises the attractive conditions and demand in the market and refinances itself at attractive conditions.
- mobilezone refinances all the Group's bank credit agreements at the mobilezone holding ag level;
- The new syndicated credit line of CHF 140 million has a fixed term of 5 years without the submission of collateral;
- The collateralised credit agreements in the Group companies in Germany for EUR 55 million were replaced;
- In Switzerland, the bilateral credit agreements for EUR 30 million and the existing syndicated credit line of CHF 60 million were refinanced with the new syndicated credit line;
- The maximum permissible debt factor (net financial debt/EBITDA) was increased from 2.5 to 3.0;
- The average credit costs are lowered by 0.2 percent;
- This will allow mobilezone to achieve annual savings of CHF 0.3 million;
- The transaction was accompanied by UBS Switzerland AG as the general bank.
Andreas Fecker, CFO of mobilezone holding AG says: "The demand in the market was considerably higher than our capital requirement. In this favourable capital market environment for us, we were able to secure an attractive interest level over the medium- to long-term.
Media contact
Andreas Fecker
Chief Financial Officer
mobilezone holding ag
mobilezoneholding@mobilezone.ch
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