HOMAG Group AG, the world's leading manufacturer of plant and machinery for the woodworking industry and cabinet makers, extended the syndicated loan agreement concluded in 2012 ahead of schedule and again significantly improved the conditions of the agreement. The new term of the loan is five years and, like the agreement valid to date, is subject to compliance with specific covenants. Both the syndicate of banks led by Commerzbank, Deutsche Bank and UniCredit as well as the volume of EUR 210 million are identical to the former agreement. The former agreement would have expired in September 2016.
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