Wincor Nixdorf has signed a new credit facility
August 2nd, 2005 Today, Wincor Nixdorf AG has signed a new € 350 Million 7 year multi-currency revolving credit facility (the "Facility"). The Facility will be used for general corporate purposes including the refinancing of a EUR 475 Million syndicated facility signed in July 2003.
Calyon, Dresdner Kleinwort Wasserstein, the investment banking division of Dresdner Bank AG, Natexis Banques Populaires and WestLB AG (together the "Mandated Lead Arrangers & Bookrunners") arranged the new Facility. The transaction was oversubscribed but not increased.
The Facility pays an initial margin of Euribor plus 0.30% per annum, which will be subject to adjustments according to the level of Consolidated Net Financial Borrowings to Consolidated EBITDA. The commitment fee is 30% of the applicable margin.
Wincor Nixdorf AG is a leading provider of integrated IT solutions with sales of EUR 1.6 Billion in FY 03 /04. It provides top end solutions for the Banking and Retail sectors, providing products as well as solutions/services. It is a global player with a presence in more than 90 countries, holding top 3 market positions in all of its core markets and raking no 1 in Europe in Retail and no 2 in Banking business.
Wincor Nixdorf has been active in the market for about 50 years (previously under the umbrella of Nixdorf and Siemens). In May 2004, the company went public through a highly successful IPO.
The syndicate of the facility is formed by the following banks:
|Calyon||Mandated Lead Arranger & Bookrunner||30.000.000|
|Dresdner Kleinwort Wasserstein||Mandated Lead Arranger & Bookrunner||50.000.000|
|Natexis Banques Populaires||Mandated Lead Arranger & Bookrunner||50.000.000|
|WestLB AG||Mandated Lead Arranger & Bookrunner||50.000.000|
|Deutsche Bank AG||Co-Arranger||25.000.000|