Media | 28 August 2013 10:30

GEA Group Aktiengesellschaft: GEA secures favorable 650 M club deal until 2020

(DGAP-Media / 28.08.2013 / 10:30)

GEA secures favorable 650 M club deal until 2020

Düsseldorf, August 28, 2013 – GEA Group Aktiengesellschaft achieved a further step in securing its long-term funding by a new syndicated credit line (‘club deal’) of EUR 650 million. This club deal replaces an earlier one of same volume which would have come due in June 2015. GEA Group’s financing structure could be improved yet again by further extending maturities and lowering credit spreads. The term of the credit line is for 5 years with two successive extension options of one year each until August 2020 in total. Furthermore, GEA successfully negotiated better terms in the credit documentation.

‘We took advantage of a very favorable time window of opportunity in the market to extend our financing structure with foresight at an early stage’, noted Dr. Helmut Schmale, CFO of GEA Group Aktiengesellschaft. ‘The favorable lowered spreads again highlight the strong standing of GEA in the credit and capital markets. The involved consortium of banks represents a very good mix of domestic and international banking partners to support our future growth.’

About GEA Group
GEA Group Aktiengesellschaft is one of the largest suppliers for the food processing industry and a wide range of other process industries. As an international technology group, the Company focuses on process technology and components for sophisticated production processes. In 2012, GEA generated consolidated revenues in excess of EUR 5.7 billion, 70 percent of which came from the food and energy sectors, which are long-term growth industries. The group employed about 24,750 people worldwide as of June 30, 2013. GEA Group is a market and technology leader in its business areas. It is listed in Germany’s MDAX stock index (G1A, WKN 660 200) and the STOXX ^(R) Europe 600 Index. Further information is available on the Internet at: www.gea.com .

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Contact:
GEA Group Aktiengesellschaft
Phone +49 (0)211 9136 1492
Fax +49 (0)211 9136 31087
www.gea.com

End of Media Release

Issuer: GEA Group Aktiengesellschaft
Key word(s): Enterprise

28.08.2013 Dissemination of a Press Release, transmitted by DGAP – a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:	English
Company:	GEA Group Aktiengesellschaft
	Peter-Müller-Straße 12
	40468 Düsseldorf
	Germany
Phone:	+49 (0)211 9136-0
Fax:	+49 (0)211 9136-31087
E-mail:	ir@gea.com
Internet:	www.gea.com
ISIN:	DE0006602006
WKN:	660200
Indices:	MDAX
Listed:	Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime Standard), Hamburg, München; Freiverkehr in Hannover, Stuttgart

End of News DGAP-Media

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