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BRIEF-Hoftex Group optimises corporate financing
December 16, 2016 / 7:17 AM / 9 months ago

BRIEF-Hoftex Group optimises corporate financing

Dec 16 (Reuters) - Hoftex Group AG :

* Said on Thursday optimises corporate financing

* Signs contract for an unsecured debt loan with a volume of 50 million euros ($52.18 million) and a term of 3 to 7 years

* This debt loan will be used to repay previously secured financial liabilities and a shareholder loan

* Change of financing will result in a considerable interest rate savings of up to 500,000 euros per year

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