07.12.2009 23:07 CET

Schuler AG secures company funding

Göppingen-based press manufacturer Schuler has prematurely extended the syndicated loan of € 450 million it concluded in March 2008 and thus created a calculable financial structure for the years ahead. The loan agreement signed today (December 7, 2009) will initially run until the end of September 2012. The loan amount is unchanged and comprises cash tranches of € 200 million in total and a credit line tranche of € 250 million.

The agreement was concluded between Schuler AG with its main subsidiaries and the existing consortium of banks and credit insurance partners led by Baden-Württembergische Bank, Deutsche Bank and Commerzbank. With its newly negotiated syndicated loan agreement, Schuler has improved its financial security considerably.