Ditzingen, March 2, 2020. The high-tech company TRUMPF has signed a credit agreement with a consortium of seven banks for a total loan amount of 500 million euros. It replaces an existing credit agreement concluded in 2015 for an amount of 300 million euros, which was terminated before term in order to benefit from more advantageous loan conditions.
The new syndicated loan facility has an initial duration of five years, renewable twice by one year. Like its predecessor, the new arrangement provides the company with a guaranteed liquidity reserve.
Deutsche Bank AG, Landesbank Baden-Württemberg and UniCredit Bank AG acted as the bookrunners and mandated lead arrangers for this transaction. The other members of the bank consortium are BNP Paribas S.A., Commerzbank AG, Helaba Landesbank Hessen-Thüringen and HSBC Trinkaus & Burkhardt AG.