TA Triumph-Adler AG
Triumph-Adler completes restructuring of Group financing
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Triumph-Adler completes restructuring of Group financing
Nuremberg, November 4, 2004: TA Triumph-Adler AG (securities ID number 749500;
ISIN: DE0007495004) today completed the restructuring of Group financing. The
aim of the recapitalization was to provide the company with long-term funds
for completing restructuring and for financing further internal and external
growth and to reduce the number of financing banks.
Building on the capital increase previously announced on September 28, 2004,
through which approximately EUR 15 million equity capital will accrue to the
company, two further measures for restructuring its capital have now been
carried out. First, a syndicated loan agreement for EUR 70 million with a term
of four and a half years has been concluded with 11 banks. Triumph-Adler will
use this loan to settle a large number of the short-term bank liabilities of
different parts of the Group. At the same time, Triumph-Adler has arranged
with an investment consortium to bring in subordinated mezzanine capital of an
additional EUR 30 million. This financing has a term of five years. The
company has thus successfully completed the restructuring of Group financing
it had announced previously, securing long-term growth capital.
It is expected that shareholders will be invited to subscribe the new shares
created by the capital increase between November 8 and November 22, 2004, with
the new shares likely to be included in the existing listing starting November
25, 2004.
The company will announce further more detailed information on the successful
completion of the restructuring of Group financing on November 11, when its
quarterly results are released.
Further details can be obtained from:
TA Triumph-Adler AG, Uschie Wühr, Phone: +49 (0)89/51084-914, Fax: +49
(0)89/51084-912, Mailing address: TA Triumph-Adler AG, Suedwestpark 23, D-90449
Nuremberg, Germany, presse@triumph-adler.de, www.triumph-adler.de
Important Information:
This press statement contains forward-looking statements that are based on
the assumptions and estimations of the management of TA Triumph-Adler AG. Even
though the management believes that these assumptions and estimations are
correct, the actual future development and the actual future results of these
assumptions and estimations may deviate materially owing to many different
factors. These factors could include, for example, a change in the overall
economic situation, exchange rates, interest rates as well as changes in the
development of the market and changes to the competitive situation arising
from technological change. TA Triumph-Adler AG undertakes no guarantee that
the future development and the future results actually achieved will match the
assumptions and estimations expressed in this press statement, nor does it
assume any liability in this regard.
end of ad-hoc-announcement (c)DGAP 04.11.2004
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WKN: 749500; ISIN: DE0007495004; Index:
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, München und Stuttgart
040754 Nov 04
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