After successfully issuing a promissory loan in the amount of EUR 150m in November 2021 as a first step, Gerresheimer finalized now a revolving three-year credit facility of EUR 150m as a second step
Gerresheimer AG Headquarters at Airport City, Duesseldorf. (Credit: Gerresheimer from Wikipedia)
Gerresheimer has reached another milestone in the realization of its financing strategy by signing a revolving credit facility in the amount of EUR 150m. This refinancing is part of Gerresheimer’s financial program to support the successful transformation of the company into a solution provider and system integrator with profitable, sustainable growth.
After successfully issuing a promissory loan in the amount of EUR 150m in November 2021 as a first step, Gerresheimer finalized now a revolving three-year credit facility of EUR 150m as a second step to secure prematurely to repay tranches from promissory loan in the amount of EUR 306m due later in 2022. Overall, the refinancing provides slightly better conditions and higher flexibility than the promissory loan due.
“The successful early refinancing of our promissory loan proves once again the attractiveness of our resilient business particularly in challenging market environments” said Dr. Bernd Metzner, CFO of Gerresheimer. “We remain firmly on a course of profitable, sustainable growth.”
Source: Company Press Release