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Niederwangen, 4 July 2014, 7 a.m. – The Adval Tech Group has replaced its credit contract with two big Swiss banks, which expired at the end of June 2014, with a new agreement with four banks – three in Switzerland and one in Germany. The credit facility remains at CHF 85 million. The term to maturity is three years. An amount of at least CHF 15 million will be paid off by the end of 2016.
The credit contract of the Adval Tech Group with the four banks is subject to a number of covenants. These comprise the following financial key figures: leverage ratio, minimum equity for the Group and minimum available liquidity. A major shareholder of Adval Tech Holding Ltd has granted the lender banks a guarantee of CHF 25 million.
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