Rosenbauer, the supplier to Leonding's fire department, has reached a refinancing agreement with its lenders and promissory note loan creditors. During the duration of the agreement, the company committed to the banks not to propose any dividend distribution, as Rosenbauer announced in a press statement.
The international company said: “The refinancing agreement has a term until November 3, 2025, and specifically stipulates that all financial covenants in the current financing agreements for the fiscal year ending on December 31, 2023 will be suspended and re-determined for the duration of the refinancing agreement.” a company.
The deal also provides for the repayment of claims of lenders and creditors of promissory note loans – from the 2024 capital raising funds already announced in the ad hoc announcement dated February 12.
“Following a similar resolution by the company’s shareholders, this should include at least 3,400,000 newly issued shares, with part of the proceeds worth €35 million used for repayment – as well as from excess liquid funds (cash wipe) in 2025.” Rosenbauer explained.
According to preliminary results, the fire department supplier is back in the black in 2023. The operating result (EBIT) reached 37.4 million euros after a loss of 10.6 million euros in the previous year, the listed company announced in mid-February.
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