New syndicated loan agreement signed at improved conditions
HOMAG Group AG secures financing for future growth
CFO Hans-Dieter Schumacher is very satisfied with the agreement reached: "It has paid off that we engaged in talks with the banks at an early stage. With the new syndicated loan agreement, we have solid financing for implementing our growth plans and it demonstrates the good credit standing that HOMAG Group AG enjoys with banks."
This press release contains certain statements relating to the future. Future-oriented statements are all those statements that do not pertain to historical facts and events or expressions pertaining to the future such as "believes", "estimates", "assumes", "forecasts", "intend", "may", "will", "should" or similar expressions. Such future-oriented statements are subject to risks and uncertainty since they relate to future events and are based on current assumptions of the Company, which may not occur in the future or may not occur in the anticipated form. The Company points out that such future-oriented statements do not guarantee the future; actual results including the financial position and the profitability of the HOMAG Group as well as the development of economic and regulatory framework conditions may deviate significantly (and prove unfavorable) from what is expressly or implicitly assumed or described in these statements. Even if the actual results of the HOMAG Group including the financial position and profitability as well as the economic and regulatory framework conditions should coincide with the future-oriented statements in this announcement, it cannot be guaranteed that the same will hold true in the future.
Homag Group AG
With its 17 specialized production companies, 21 group sales and service companies and approximately 60 exclusive sales partners worldwide, HOMAG Group AG's position as a complete system supplier is unique. Backed by a workforce of some 5,100 employees worldwide, the company sees itself as the leading global manufacturer of plant and machinery for the woodworking and wood materials processing industry and cabinet makers active in the production of furniture and construction elements as well as timber frame houses. The group also offers its customers a wide range of services, including software and consulting services. HOMAG Group AG's shares have been listed on the Prime Standard of the Frankfurt stock exchange since July 13, 2007.