Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 SMARTRAC Further Strengthens Financial Flexibility by €100 Million Term and Revolving Facilities Agreement - Ink World Magazine

What are you searching for?

Sign in
Flexible Electronics News

SMARTRAC Further Strengthens Financial Flexibility by €100 Million Term and Revolving Facilities Agreement

New €100 million term and revolving facilities agreement concluded with a syndicate of five banks matures Dec. 30, 2016

Author Image

By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

SMARTRAC N.V., the leading developer, manufacturer and supplier of RFID transponders and inlays, announced that it refinances its €65 million term and multicurrency revolving facilities agreement maturing on June 30, 2012.

SMARTRAC has signed a €100 million term and revolving facilities agreement replacing the syndicated €65 million term and multi-currency revolving facilities agreement concluded in 2009 with Deutsche Bank and Berenberg Bank.

The new €100 million term and revolving facilities agreement concluded with a syndicate of five banks matures on Dec. 30, 2016.

“We are very pleased that we have strong financial partners on our side”, said Dr. Christian Fischer, CEO of SMARTRAC. “The increased amount, longer duration and further diversification of the bank syndicate is not only a sign of huge trust placed in our company and business strategy, but also provides the financial flexibility for future growth opportunities for SMARTRAC.”

Add us as a preferred source on Google

Get the latest Ink World magazine news, insights and analysis in your Google Search and AI experiences.

Add Ink World magazine as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters