Corporate | 14 July 2016 10:10
Francotyp-Postalia Holding AG: Francotyp-Postalia fundamentally reforms Group financing and concludes loan agreement of EUR 120 million
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DGAP-News: Francotyp-Postalia Holding AG / Key word(s): Financing/Financing
Corporate News
Berlin, 14 July 2016. Francotyp-Postalia Holding AG, the Digital Mailroom provider, has concluded a new, significantly expanded loan agreement on better terms and conditions. With effect from 24 June 2016, the new syndicate loan agreement was signed with a strong, international consortium of banks made up of Commerzbank Aktiengesellschaft, Deutsche Postbank AG, Landesbank Baden-Württemberg and UniCredit Bank AG. The agreement has a total volume of EUR 120 million and an increase option of EUR 30 million. It also has a term of five years that can be extended twice for an additional year in each case. The FP Group was supported by the consulting firm Steen Associates and law firm White & Case during the discussions and negotiations with these banks. FP CEO Rüdiger Andreas Günther explains: “The funding agreement that has been concluded reflects FP’s strengthened position on the market. With significantly greater flexibility to take action, we now have a very good basis to drive the FP Group’s profitable growth in the years to come.” Improved Group financing is one of the operational excellence measures in place to position the company even better for the future and move it to a higher growth path. Günther explains: “We have opportunities worldwide in the traditional franking machine business. In future, we want to grow considerably in the digital business as well. This is why we are currently honing our growth strategy and getting operational excellence measures off the ground. With this new consortium of banks, we have found excellent partners for our future development.” Contact
Francotyp-Postalia Holding AG
About Francotyp-Postalia Holding AG The FP Group is based in Berlin and is the provider for the digital mailroom. This global company offers all products and solutions for communication and documentation processes and is thus geared towards business and private customers. In addition to traditional machinery for franking and inserting mail, its offering includes services such as collecting business mail and innovative software solutions such as De-Mail. The FP Group currently has its own branches in many industrialised countries and holds a global market share in franking machinery of more than 10%. With a history dating back over 90 years, the FP Group today benefits from the willingness of companies to digitise their business processes and outsource their business mail to professional service providers. In the 2015 financial year, the company generated revenues of EUR 191.1 million. The FP Group employs more than 1,000 people worldwide. Contact: Francotyp-Postalia Holding AG Media Relations Telephone: +49 (0)30 220 660 410 Telefax: +49 (0)30 220 660 425 E-Mail: pr@francotyp.com
2016-07-14 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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| Language: | English | |
| Company: | Francotyp-Postalia Holding AG | |
| Prenzlauer Promenade 28 | ||
| 13089 Berlin | ||
| Germany | ||
| Phone: | +49 (0)30 220 660 410 | |
| Fax: | +49 (0)30 220 660 425 | |
| E-mail: | ir@francotyp.com | |
| Internet: | www.fp-francotyp.com | |
| ISIN: | DE000FPH9000 | |
| WKN: | FPH900 | |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart | |
| End of News | DGAP News Service |