KBA widening financial scope for profitable growth
With the signing of the contract for a syndicated credit facility, KBA has completed a further step in its goal of reinforcing its stability and financial strength. At the same time, the leading printing press manufacturer is widening its financial scope for stepping up its profitable growth and for utilising strategic options. In addition to a guarantee facility of €200m, the syndicated finance includes a revolving cash credit facility of €150m with an option to increase it by €50m. The facilities have a term of five years plus two one-year renewal options up until December 2024. The group-wide financing facility also entails local operating credit lines at various subsidiaries.
Talking about the targets of the new syndicated finance, Dr Mathias Dähnm, CFO, KBA, says, “KBA has strong
liquidity fuelled by its operating cash flow that we want to expand step by step. We have now made use of the current favourable market conditions to optimise our credit facilities and to realign them on a long-term basis. “He adds that their good credit rating underpinned by a strong balance sheet and the progress that we have made in growing top line and profits, KBA has been able to secure favourable terms and good underlying conditions.