Corporate | 25 October 2012 09:34

Grammer AG expands Financial and Strategic Options

Grammer AG / Key word(s): Capital Reorganisation

25.10.2012 / 09:34

Grammer AG expands Financial and Strategic Options

Line of credit increased to EUR 110 million
Bilateral global facility extended to 2015

Amberg, October 25, 2012 – Grammer AG has increased the credit volume of its existing bilateral global facility from EUR 78.5 million to EUR 110 million and at the same time extended the maturity date by another year to July 2015.

The prolongation and increase of the credit facility is part of the long-term financing strategy of the Group. The newly negotiated bilateral global facility further improves the maturity structure and guarantees a stable financing of the Group. At the same time it offers attractive terms and conditions. 'After last year's successful re-alignment of the Group financing, the new line of credit improves our financial situation even more and gives us financial options for strategic investments', explains Hartmut Mueller, CEO of Grammer AG.

Company Profile
Grammer AG, Amberg, Germany, is specialized in the development and production of components and systems for automotive interiors as well as driver and passenger seats for offroad vehicles (tractors, construction machinery, forklifts), trucks, buses and trains. Our Seating Systems division comprises the truck and offroad seat segments as well as train and bus seating. In the Automotive division, we supply headrests, armrests and center console systems to premium automakers and automotive system suppliers.

Grammer is represented in 18 countries worldwide with a workforce of approx. 9,000 employees across its 24 fully consolidated subsidiaries.

Grammer shares are listed in the SDAX segment of the German Stock Exchange, and are traded on the Munich and Frankfurt stock exchanges, via the Xetra electronic trading platform and on the OTC markets of the Stuttgart, Berlin and Hamburg stock exchanges

Contact:
GRAMMER AG
Ralf Hoppe
Phone: 0049 9621 66 2200
investor-relations@grammer.com

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Language:	English
Company:	Grammer AG
	Postfach 14 54
	92204 Amberg
	Germany
Phone:	+49 (0)9621 66-0
Fax:	+49 (0)9621 66-1000
E-mail:	investor-relations@grammer.com
Internet:	www.grammer.com
ISIN:	DE0005895403, DE0005895403
WKN:	589540, 589540
Indices:	SDAX
Listed:	Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart

End of News DGAP News-Service

190138  25.10.2012