R&S Group expects lower debt
The transformer manufacturer has taken out a syndicated loan of CHF 160 million from ten financial institutions, led by UBS, to finance the acquisition of Kyte Powertech. The loan replaces an earlier bridging loan of CHF 233 million and will be repaid in tranches of CHF 25 million every six months from 2025. In addition, R&S has agreed a revolving credit facility of CHF 30 million for general purposes. The net gearing ratio is expected to be below 1.8 at the end of 2024, which is better than expected.
Happy Investing
GG
Source: FuW, 05.12.2024
