Swiss Oerlikon Group successfully completed its refinancing
Oerlikon Group has repaid in full the existing Syndicated Credit Facility related to the 2010 financial restructuring and thus the company has successfully completed its refinancing
The new financing package consist of a Swiss Bond and new Syndicated Credit Facility allowing to reduce financing costs by around CHF 40 million to begin in 2013. The new scheme permits greater flexibility and has been provided on an unsecured basis.
Since we have reported on this matter before, please refer for further details to the website below.