With the signing of a contract for a syndicated loan, Koenig & Bauer has completed another step toward its goal of reinforcing its stability and financial strength, the company says. The printing press manufacturer is widening its financial scope in hopes of boosting profitable growth.
In addition to a guarantee of €200m (around $247 million), the financing includes revolving cash credit of €150m (around $185 million), with an option to increase it by €50m (around $62 million). The financing has a term of five years plus two one-year renewal options until December 2024. The group-wide financing also involves local operating credit lines at various subsidiaries.   
"Our own liquidity together with the flexible credit facilities will allow us to finance our targeted organic growth in packaging, digital and industrial printing, while also giving us financial scope for strategic investments and acquisitions," said CFO Mathias Dahn.
The banking syndicate is lead-managed and arranged by UniCredit Bank and Commerzbank Aktiengesellschaft and includes Bayerische Landesbank, Deutsche Bank, HSBC Trinkaus & Burkhardt, LBBW, BNP Paribas and DZ Bank.

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