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Ad-hoc Announcement

Stabilus S.A.: Loan contract comprising a total of EUR 320 million signed for refinancing of liabilities


DGAP-Ad-hoc: Stabilus S.A. / Key word(s): Financing/Bond

2014-12-19 / 21:29
Dissemination of an Ad hoc announcement according to § 15 WpHG.
The issuer is solely responsible for the content of this announcement.


Stabilus S.A.: Loan contract comprising a total of EUR 320 million signed for refinancing of liabilities

Luxembourg/Koblenz, December 19, 2014 - On the evening of December 19, 2014, Stabilus S.A. (Stabilus, ISIN: LU1066226637) has signed a loan contract comprising a total of EUR 320 million with a term until June 2020 (with the option to prolong it by one year). The new contract comprises a Term Loan Facility of EUR 270 million and a Revolving Credit Facility of EUR 50 million. The loans carry a variable interest rate depending on the leverage of the company. Based on the company's current leverage level, the interest rate would be 2.0% above Euribor. The loans are intended for the premature refinancing of the EUR 256.1 million high yield bond which carries an interest rate of 7.75%. With the new loan contract, Stabilus benefits from the currently attractive financing conditions and installs a long term financing structure.

Pursuant to the signed agreement, the loans will be made available from June 2015. Through the new financing structure, the interest burden of Stabilus would be reduced by around EUR 13 million per year, compared to the current interest structure. The one-time transaction costs, which include costs for the premature reimbursement of the high yield bond, amount to approx. EUR 15 million.

# End of ad hoc announcement #

Press Contact: Investor Relations Contact:
Gaby Jonethal Andreas Schröder
Tel.: +49 261 8900 502 Tel.: +352 286 770 21
E-Mail: gjonethal@de.stabilus.com E-Mail: investors@stabilus.com
Charles Barker Corporate Communications
Tobias Eberle
Tel.: +49 69 794090 24
E-Mail: Tobias.Eberle@charlesbarker.de





2014-12-19 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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307903  2014-12-19 

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