Reuters logo
BRIEF-Berentzen-gruppe secures early refinancing of its corporate bond
January 9, 2017 / 8:53 AM / 10 months ago

BRIEF-Berentzen-gruppe secures early refinancing of its corporate bond

Jan 9 (Reuters) - Berentzen Gruppe AG :

* Secures early refinancing of its corporate bond

* Exploits favourable financing environment to replace corporate bond (50.0 million euros ($52.74 million)) maturing in October 2017 by a syndicated loan arranged by Deutsche Postbank AG as consortium leader

* After repayment of corporate bond, volume of borrowing was just about halved to 25.5 million euros in line with needs

* CFO Ralf Brühöfner anticipates a significant decrease in annual financing costs from Autumn 2017 onwards with associated positive effects on cash flow and financial performance Source text for Eikon: Further company coverage: ($1 = 0.9480 euros) (Gdynia Newsroom)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below