Ad-hoc-Announcement, 06.08.2007
TA Triumph-Adler completes refinancing successfully according to planning
New financing structure reduces financing expense significantly, expands room for strategic maneuver, and enables additional acquisition-led growth
Nuremberg, August 6, 2007: TA Triumph-Adler has today completed its announced refinancing successfully and as planned. The package of measures amounting to around € 80 million has been fully achieved. The existing third-party financing, consisting of a high-yield mezzanine loan and a syndicated loan, has been paid down completely. A cornerstone of the refinancing was the capital increase that was fully placed in July and raised gross proceeds of € 28 million for the company.
A coordinated mix of third-party financing instruments was implemented at the same time. This allowed a significant reduction in overall bank borrowings and a halving of the number of financing partners. The net financial result will be improved by around € 5 million per year as a result of the refinancing. At the same time the company will benefit from greater strategic room for maneuver when utilizing available cash flows as a result of simplified financing terms. As announced, the TA Triumph-Adler Group will utilize the additional resources made available to push ahead with a stronger focus on its successful acquisition activity, as well as the strategic expansion of its core business.
The specialist for efficiency in the Document Business anticipates revenue of around € 400 million for the current financial year, a further improvement in operating profit, and pre-tax earnings at the lower end of the double-digit range, which represents a doubling year-on-year.
Contact:
TA Triumph-Adler AG
Suedwestpark 23
D - 90449 Nuremberg
Dr. Joachim Fleing
Phone: +49 / 911 / 68 98 - 499
Fax: +49 / 911 / 68 98 - 200
ir@ta.ag
www.triumph-adler.com
Bearer shares ISIN: DE0007495004,
admitted to official trading (Prime Standard) on the Frankfurt stock exchange and on all German regional exchanges
Important notice:
This press release contains forward-looking statements that are based on assumptions and estimates made by the management of TA Triumph-Adler AG. Even if the management of the company is of the view that these assumptions and estimates are appropriate, future actual developments and future actual events may diverge significantly from these assumptions and estimates due to various factors. These factors may include, by way of example, changes in the macroeconomic situation, exchange rates, interest rates, as well as changes both within the market and in the competitive environment as the result of technological change. TA Triumph-Adler AG provides no guarantee, and accepts no liability, if future developments, and results achieved in the future, do not accord with the assumptions and estimates expressed in this press release.