Zapf Creation AG

EANS-Adhoc: Zapf Creation: Long Term Group Financing secured Major Shareholder finds Investors who will take over Bank Loans in the amount of 20.1 million Euro

--------------------------------------------------------------------------------
  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
-------------------------------------------------------------------------------- 

04.10.2010

Rödental, Germany; October 4, 2010: Zapf Creation AG has successfully concluded its negotiations to secure long-term financing for its group of companies by signing an agreement in principle. Isaac Larian, who - together with his family - holds a majority stake in Zapf Creation via several trusts, has found investors who will take over a bank loan in the amount of EUR20.1 million. The term of the loan taken over by the investors remains to mature in 2013; the conditions of the loan will be adapted to the needs of the company. This agreement will reduce the amount of the loan provided by the syndicate banks to only EUR9 million which will be repaid in full ahead of schedule by January 31, 2011. The successful conclusion of these negotiations means that Zapf Creation now has the financial flexibility it needs to push ahead with its ongoing strategy of developing the group into an international provider of girls' toys.

Kontakt:

Gerolf Werning WPFC Consulting GmbH Tel.: +49 (0) 163 711 711 2 E-mail: werning@wpfc.de

end of announcement                               euro adhoc
-------------------------------------------------------------------------------- 

Further inquiry note:

Claudia Dorst
Telefon: +49 (0)9563-7251-513
E-Mail: claudia.dorst@zapf-creation.de

Branche: Consumer Goods
ISIN: DE0007806002
WKN: 780600
Index: CDAX, Classic All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade

Original-Content von: Zapf Creation AG, übermittelt durch news aktuell

Weitere Meldungen: Zapf Creation AG

Das könnte Sie auch interessieren: