Alno AG reaches financing agreement with banks and shareholders
ALNO AG / Agreement/Capital Reorganisation
23.04.2010 17:53
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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- Financing partners support the future concept 'ALNO 2013'
- Group's equity strengthened by approximately EUR 40 million
Pfullendorf/Düsseldorf, April 23, 2010 - Alno AG's Managing Board today
signed an agreement with the four syndicate banks and its two main
shareholders, KüchenHolding GmbH and IRE Beteiligungs GmbH to finance the
'ALNO 2013' concept. The agreement will strengthen the group's equity by
around EUR 40 million. As part of the agreement, IRE Beteiligungs GmbH and
Alno have also agreed a further capital increase with a volume of 5% for
the first half of 2010. At the same time, the banks are reducing Alno's
interest rates to a significantly more favorable level for the group
retroactively as of January 1, 2010 in view of the restructuring process
which has got off to a successful start.
The agreement is an elementary milestone in the group's restructuring. From
Alno's perspective, this agreement thus sustainably secures the group's
liquidity.
The agreement initially fixes the loan agreement with the banks through to
the end of December 2011. Until now this had been 'until further notice'.
In addition, all of the parties have signed a clause for a possible
extension.
In return, the Alno Group makes an undertaking to the banks in the
consortium that it will allow them to participate in the intended economic
results via a 'debtor warrant'.
All of the parties have agreed not to disclose any further details of the
agreement.
ALNO AG
Head of Corporate Communication & Investor Relations
Andrea Wolf
88629 Pfullendorf
Telephone: +49 / 75 52 / 21 - 33 16
Fax: +49 / 75 52 / 21 - 77 3316
E-mail: Andrea.wolf@Alno.de
23.04.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: ALNO AG
Heiligenberger Straße 47
88630 Pfullendorf
Deutschland
Phone: 07552-21-0
Fax: 07552-21-773316
E-mail: andrea.wolf@alno.de
Internet: www.alno.de
ISIN: DE0007788408
WKN: 778840
Listed: Regulierter Markt in Frankfurt (General Standard), Stuttgart;
Freiverkehr in Berlin, München, Düsseldorf
End of News DGAP News-Service
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