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30.12.2021 – 09:53

FACC AG

EANS-Adhoc: FACC AG
FACC and core banks adjust financing conditions - ATTACHMENT

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  Disclosed inside information pursuant to article 17 Market Abuse Regulation
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
  The issuer is responsible for the content of this announcement.
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Financing
30.12.2021

Ried im Innkreis - The expected one-off effects on the financial and earnings
development of the Group due to the ruling of a London arbitration court in
connection with claims of a supplier required an adjustment of the contractual
terms of the existing syndicated loan (total volume EUR 285 million distributed
among seven banks, maturity until August 29th, 2023).

The focus was on the financial covenant net financial debt/EBITDA, which is
tested every six months and was last adjusted by an amendment agreement on
December 18th, 2020 as a result of the Corona crisis.

In the consensual negotiations, an adjustment of the covenant calculation
(covenant calculation adaptation) and adjustments to the covenant itself
(covenant reset) were agreed for the next test dates. As of the test date June
30th, 2023, FACC will return to the originally agreed covenant of net financial
debt/EBITDA




Further inquiry note:
Florian Heindl, CFA
Vice President
Group Treasury / Investor Relations / Enterprise Risk Management

E-Mail: f.heindl@facc.com
Mobile: +43-59-616-71232
Phone: +43-59-616-1232
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FACC AG
Fischerstraße 9
A-4910 Ried/Innkreis
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Web www.facc.com

BEYOND HORIZONS


end of announcement                         euro adhoc
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Attachments with Announcement:
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http://resources.euroadhoc.com/documents/3124/0/10823533/1/FACC_Adhoc_Waiver_EN.pdf
issuer:       FACC AG
              Fischerstraße 9
              A-4910 Ried im Innkreis
phone:        +43/59/616-0
FAX:          +43/59/616-81000
mail:      office@facc.com
WWW:       www.facc.com
ISIN:         AT00000FACC2
indexes:
stockmarkets: Wien
language:     English