Ad-hoc | 8 April 2002 08:38

Senator Entertainment AG english

Senator secures growth financing Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Senator secures growth financing Senator Entertainment AG has just concluded a syndicated loan agreement for EUR 230 million over the next three years. The consortium, with the Bayerische Landesbank as the lead bank, includes among others Commerzbank AG, DZ Bank AG and the Norddeutsche Landesbank. This complete operational financing of business activities for the next three years means planning certainty for the further implementation of the successful growth strategy. This includes the expansion of international production and license trade as well as the strengthening of market position in Germany. Senator has adjusted its strategy to the rapid change in the market. This means that in future, it will again take full control of film production and purchasing decisions. The strategy is organized strictly along efficiency criteria including review of current exclusive cooperation agreements. As a result, the current output deal with Revolution Studios has been modified without cost impact and limited with respect to the number of films to be purchased and the volume of investments to be made. Contact: Karl W. Homburg Head of IR / Corporate Communications Phone: +4930 88091 612 Fax: +4930 88091 616 Email: investor@senator.de end of ad-hoc-announcement (c)DGAP 08.04.2002 ——————————————————————————– WKN: 722440; ISIN: DE0007224404; Index: NEMAX 50 Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 080838 Apr 02