KUKA concludes unsecured syndicated loan agreement
December 9, 2013
Today KUKA concluded a syndicated loan agreement with a volume of € 160 million and a five-year term.
Given the significant improvements in the company’s financial situation, KUKA refinanced the secured syndicated loan it had concluded in 2010 prematurely, replacing it with an unsecured loan and for significantly better conditions.
The leading banks, Commerzbank and Deutsche Bank, were able to successfully place the new loan among the robotics and plant engineering manufacturer’s closest key banks. KUKA was very satisfied with the syndication process, also called the Club Deal.
We see the conclusion of this agreement as a clear indication of our financial partners’ faith in our company and as confirmation of the positive developments at KUKA.