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ESCADA AG

euro adhoc: ESCADA AG
Financing, Stock Offerings
ESCADA and banks sign long-term financing agreement (E)

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
Aschheim bei München, August 19, 2003 - ESCADA  AG and its
underwriting banks have reached an agreement that will ensure
long-term funding for the ESCADA Group. The agreement, signed on
August 18, continues ESCADA’s existing credit lines to the end of
2006. Additionally, next summer the banks are willing to make a
further commitment that will guarantee redemption of ESCADA AG’s EUR
100 million corporate bond issue, which matures then. The redemption,
using funds from the planned financial commitment by private equity
firm HMD Partners, the additional bank credit line and cash flow, is
thus assured. 
The agreement with the banks on restructuring financial debt was a
key prerequisite under this past June’s agreement for HMD Partners to
invest up to EUR 45 million in ESCADA. The technical conditions
required for HMD’s involvement are to be approved today at a special
meeting of the shareholders of ESCADA AG.
end of announcement        euro adhoc 19.08.2003

Further inquiry note:

Viona Brandt
Tel.: +49 (0)89 9944 1336
E-Mail: viona.brandt@de.escada.com

Branche: Clothing
ISIN: DE0005692107
WKN: 569210
Index: CDAX, Classic All Share, Prime All Share, Prime Standard, SDAX
Börsen: Berliner Wertpapierbörse / official dealing
Bayerische Börse / official dealing
Frankfurter Wertpapierbörse / official dealing
Bremer Wertpapierbörse (BWB) / regulated dealing
Hamburger Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade

Plus de actualités: ESCADA AG
Plus de actualités: ESCADA AG