Ad-hoc | 29 September 2017 12:00
KHD Humboldt Wedag International AG: KHD grants EUR 50 million intercompany loan
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KHD Humboldt Wedag International AG / Key word(s): Contract/Financing
KHD grants EUR 50 million intercompany loan Cologne, Germany, September 29, 2017 – KHD Humboldt Wedag International AG (KHD) has reached an agreement on granting an additional EUR 50 million loan to AVIC International Kairong Limited, Hong Kong, as the borrower. This loan will run from November 13, 2017 and will replace a loan that has been granted to AVIC International (HK) Group Ltd., Hong Kong, which will become due for repayment on November 13, 2017. The loan is secured by a corporate guarantee from AVIC and bears interest at a rate of 5.7% p.a. The term of the loan agreement is three years and it is due for repayment on November 13, 2020.
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29-Sep-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| Language: | English |
| Company: | KHD Humboldt Wedag International AG |
| Colonia-Allee 3 | |
| 51067 Köln | |
| Germany | |
| Phone: | +49 (0)221 6504 1500 |
| Fax: | +49 (0)221 6504 1409 |
| E-mail: | juergen.luckas@khd.com |
| Internet: | www.khd.com |
| ISIN: | DE0006578008 |
| WKN: | 657800 |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange |
| End of Announcement | DGAP News Service |