New financing of 75 million Swiss francs strengthens Cicor Group's financial flexibility

Mon, 03 Jul 2017

Bronschhofen, 3 July 2017 – Cicor (SIX Swiss Exchange: CICN), a leading international technology company in the field of printed circuit boards, microelectronics and EMS (Electronic Manufacturing Services) headquartered in Boudry (Switzerland), signed a new syndicated loan facility on Friday 30 June 2017 with a financing framework to the amount of 75 million Swiss francs.

The financing will be used to preserve long-term financial flexibility and guarantees the Cicor Group's continuing growth. The credit, arranged by a banking consortium under the guidance of the Commerzbank AG, has a term of four years with two options for extension by an additional year each time, thus making a maximum term of six years.

With the new financing arrangement, the credit agreement of 65 million Swiss francs signed in December 2014 and due to expire at the end of 2017 is replaced early. In addition to the longer term and higher volume of the new syndicated loan, Cicor may also benefit from more advantageous conditions.


Contact:
Heinrich J. Essing                                         
Chairman of the Board of Directors                
Tel. +41 71 913 73 00                                       
Email: media@cicor.com                               

Alexander Hagemann
CEO
Tel. +41 71 913 73 00
Email: media@cicor.com