Conergy AG

euro adhoc: Conergy AG
Banks consent to extend bridge financing for Conergy AG until year end

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Banks consent to extend bridge financing for Conergy AG until year end

Hamburg - Today Conergy AG agreed with Commerzbank AG and Dresdner Kleinwort the extension until 31 December 2008 of the EUR 240 million Syndicated Bridge Loan Facility Agreement granted in February 2008. With this both lenders continue to support the restructuring of the company. Originally the bridge loan had a term until 30 September 2008. Although an extension option until year end was already contractually agreed, the extension was conditional upon the consent of the lenders to an extension request by Conergy AG. An extension of the term of the facility became reasonable in order to give the company more flexibility on the timing of the realisation of the envisaged capital increase. A main portion of the proceeds thereof are to be used for the repayment of the bridge loan. The company still anticipates to implement the capital increase until year end.

---------------------------- Disclaimer:

This communication is neither a prospectus nor does it constitute an offer to sell or the solicitation of an offer to purchase the shares or other securities of Conergy AG and it does not substitute the prospectus. Subject to the approval by the German Financial Supervisory Authority a securities prospectus will be published prior to the offer period and made available free of charge by Conergy AG and the coordinators. The shares will be offered exclusively on the basis of the prospectus required to be approved by the German Financial Supervisory Authority.

This communication is not an offer of securities for sale in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act").

Any public offering of securities to be made in the United States of America will be made by means of a prospectus that may be obtained from Conergy AG and that will contain detailed information about the company and management, as well as financial statements. Conergy AG does not intend to register any part of the offering in the United States.

The information contained in this communication is not for publication or distribution in or into the United States of America, Canada, Australia or Japan and does not constitute an offer of securities for sale in the United States of America, Canada, Australia or Japan.

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ots Originaltext: Conergy AG
Im Internet recherchierbar:

Further inquiry note:
Christoph Marx
Tel.: +49 (0)40 27142-1634

Branche: Energy
ISIN:      DE0006040025
WKN:        604002
Index:    Midcap Market Index, TecDAX, CDAX, HDAX, Prime All Share,
              Technologie All Share
Börsen:  Börse Frankfurt / regulated dealing/prime standard
              Börse Berlin / free trade
              Börse Hamburg / free trade
              Börse Düsseldorf / free trade
              Börse Hannover / free trade

Weitere Meldungen: Conergy AG

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