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Firstextile AG Lyoner Str. 14 60528 Frankfurt am Main, Germany http://www.firstextile.de
Contact Mr Jean Cui +49 69 66554416
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Firstextile AG

Firstextile AG: Secured new 100m USD syndicated loan to broaden further business development

(PresseBox) (Frankfurt am Main, )
- Syndicated loan improves financing structure and secures growth financing in a long-term
- CEO sees stepping stone for smooth implementation of the expansion project
- Long-term advantages for business performance expected

Firstextile AG (FT8) has secured a 100 million US dollar (approx. 73 million Euros) syndicated loan for its wholly-owned subsidiary China Firstextile (Holdings) Limited. Purpose of the loan is to fund corporate growth initiatives and associated capital expenditures and working capital in a long term. In addition the company improves its financing structure by refinancing more expensive domestic short-term loans. The coordinating arranger of the loan is Nomura International (Hong Cdmd) Qyovnpd.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.