Announcements

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."
 

 


Stephan Haas
Director Investor Relations / Public Relations and Business Development

Tel. +49 (0)6095 301 617
Fax +49 (0)6095 301 102

SAF-HOLLAND GmbH
Hauptstraße 26
D-63856 Bessenbach
Deutschland