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09.07.2018 – 08:34

EDAG Engineering Group AG

DGAP-News: EDAG Engineering Group AG: EDAG places promissory note loan in the amount of 120 million Euros


DGAP-News: EDAG Engineering Group AG / Key word(s): Financing
EDAG Engineering Group AG: EDAG places promissory note loan in the amount of 120
million Euros

09.07.2018 / 08:30
The issuer is solely responsible for the content of this announcement.

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EDAG Engineering Group AG: EDAG places promissory note loan in the amount of 120
million Euros

Arbon 09. July 2018

EDAG, a leading independent engineering services provider to the global
automotive industry, has realigned its financing. By way of a promissory note
loan (Schuldschein), 120 million Euros with maturities of five to ten years have
been successfully placed. The funds obtained will be used to refinance existing
liabilities at advantageous rates on the one hand, and to secure the further
growth of the company on the other hand.

"The successful transaction shows the trust of investors in our company and the
strategic focus of the EDAG Group as an innovative partner to the global
automotive industry", says Juergen Vogt, CFO of the company. "We took advantage
of the favourable environment at the loan market, in order to secure our
financing for a longer period, and to significantly improve the maturity
profile. We have now aligned our financing for the dynamic growth in the
currently changing environment within the automotive industry."

The promissory note loan (Schuldschein) was placed with a broadly diversified
group of investors in the German-speaking region. Landesbank Baden-Württemberg,
Unicredit and Landesbank Hessen-Thüringen accompanied the transaction.

 

About EDAG

EDAG is an independent engineering services provider to the global automotive
industry. The company serves leading domestic and international vehicle OEMs and
sophisticated automotive suppliers through a global network of about 60 sites in
major automotive centres of the world.

EDAG offers complementary engineering services across its Vehicle Engineering,
Electrics/Electronics and Production Solutions businesses. Based on these
extensive capabilities, EDAG can support clients across the entire value chain
from the original design idea to product development and prototype construction
all the way to the delivery of turnkey production systems. As a technology and
innovation leader, EDAG also operates established centres of excellence that
design landmark technologies for future applications in the automotive industry:
lightweight construction, electric mobility, car IT, integral safety and new
production technologies.

In financial year 2017, the company generated revenues of EUR 717 million and an
adjusted EBIT of EUR 32.6 million. As at 31 December 2017, 8,404 employees
(including apprentices) worked for EDAG in 19 countries.



Contacts:
 

Investor Relations
Sebastian Lehmann
Head of Investor Relations
Phone:+49 (0) 611- 7375 168
Mail:ir@edag-group.ag
ir.edag.de

 

Public Relations
Christoph Horvath
Press Officer EDAG Group
Phone:+49 (0) 661- 6000 570
Mail:pr@edag.de
www.edag.de

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09.07.2018  Dissemination of a Corporate News, transmitted by DGAP - a service
of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English

Company:  EDAG Engineering Group AG

          Schlossgasse 2

          9320 Arbon

          Switzerland

Phone:    +41 71 54433-0

E-mail:ir@edag-group.ag

Internet: www.edag.com

ISIN:     CH0303692047

WKN:      A143NB

Listed:   Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial
Market in Berlin, Dusseldorf, Munich, Stuttgart



 

End of News DGAP News Service

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702259  09.07.2018