RecommendMail Facebook Twitter Google Plus

Jenoptik successfully concludes five-year syndicated loan agreement for 120 million euros

New financing structure establishes international future-oriented core group of banks and secures liquidity take-up. Maturity profile and credit conditions reflect financial strength of and trust in Jenoptik.

Jenoptik has successfully concluded a five-year syndicated loan for 120 million euros. The transaction was coordinated by Commerzbank AG and Landesbank Hessen-Thüringen.

The syndicated loan attracted a strong interest and was substantially oversubscribed. JENOPTIK AG decided not to increase the amount and to scale back the commitments of the banks accordingly.

With this financing the Group secures a credit line over the next five years at attractive conditions. It will facilitate Jenoptik’s future international growth and can be used flexibly to finance general corporate purposes.

“The club deal helps to secure the financial flexibility, stability and ongoing international growth of the Jenoptik Group. The attractive terms also reflect the financial strength and the trust of stable banks in our company,” said Jenoptik CFO Rüdiger Andreas Günther.

Commerzbank AG and Landesbank Hessen-Thüringen were coordinators and bookrunners. In addition, the stable and international group of core banks comprises UniCredit Bank AG as bookrunner, BNP PARIBAS S.A., and Landesbank Baden-Württemberg as mandated lead arrangers as well as Deutsche Bank Luxembourg S.A. as lead arranger.

About Jenoptik

As an integrated optoelectronics group Jenoptik operates in the five divisions Lasers & Material Processing, Optical Systems, Industrial Metrology, Traffic Solutions and Defense & Civil Systems. Its customers around the world mainly include companies in the semiconductor and semiconductor equipment manufacturing industry, automotive and automotive supplier industry, medical technology, security and defense technology as well as the aviation industry. The Jenoptik Group headquarters are in Jena (Thuringia). In addition to several major sites in Germany Jenoptik is represented in nearly 70 countries. JENOPTIK AG is listed on the Frankfurt Stock Exchange and included in the TecDax index. The Group has more than 3,270 employees all over the world and generated sales of approx. 585 million euros in 2012.