Nabaltec AG issues loan against borrower's note and secures long-term financing

Schwandorf, (PresseBox) - Nabaltec AG has successfully issued a loan against borrower's note in the amount of EUR 50 million and secured long-term financing under improved conditions. The loan was placed in various tranches with terms of 3, 5 and 7 years, with both variable and fixed interest. Due to strong demand from investors, pricing at the lower end of the marketing range was possible for all tranches. 90% of the overall volume was placed in the 5- and 7-year tranches, for which an interest rate lock applied. The placement was advised by DZ BANK AG Deutsche Zentral-Genossenschaftsbank and IKB Deutsche Industriebank AG, and was made with 17 investors from the private banking sector, as well as state banks, savings banks and cooperative banks, primarily in Germany and Austria.

Issuance of the loan against borrower's note allows Nabaltec AG to optimize its financing structure and improve its net financial income, as well as boosting freedom of action by increasing liquidity. In this context, Nabaltec AG has also opted for early redemption of its bond issue on 31 December 2013.

Nabaltec AG

Nabaltec AG, with registered office in Schwandorf, a chemicals business which has received multiple awards for innovativeness, manufactures, develops and distributes highly specialized products based on aluminum hydroxide ("ATH") and aluminum oxide, as well as other raw materials, on an industrial scale through its "Functional Fillers" and "Technical Ceramics" divisions. The company's product range includes halogen-free flame retardant fillers and eco-friendly additives for the plastics industry. Flame retardant fillers are used e.g. in cables in tunnels, airports, high-rise buildings and electronic devices, while additives replace stabilizers containing heavy metals in PVC processing. Nabaltec also produces base materials for use in technical ceramics, the refractory industry and catalysis. Unlike halogenated flame retardant fillers, the products manufactured by the company's "Functional Fillers" division contain no hazardous substances and do not require separate disposal. Rather, the company's flame retardant fillers actually decrease the development of fumes hazardous to human health and the environment in the event of fire. Nabaltec maintains production sites in Germany and the US and plans to continue to consolidate its market position by expanding capacity, further optimizing processes and quality and making strategic extensions to its product range. On the strength of its specialty products, the company strives to attain the market leadership in each segment.

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