DGAP-News: Homag Group AG / Key word(s): Miscellaneous
Homag Group AG: Syndicated loan agreement signed at further improved
conditions ahead of schedule

23.05.2014 / 08:50


Syndicated loan agreement signed at further improved conditions ahead of

Banks reward strong development of HOMAG Group AG 

Schopfloch, May 23, 2014. HOMAG Group AG, the world's leading manufacturer
of plant and machinery for the woodworking industry and cabinet makers,
extended the syndicated loan agreement concluded in 2012 ahead of schedule
and again significantly improved the conditions of the agreement. The new
term of the loan is five years and, like the agreement valid to date, is
subject to compliance with specific covenants. Both the syndicate of banks
led by Commerzbank, Deutsche Bank and UniCredit as well as the volume of
EUR 210 million are identical to the former agreement. The former agreement
would have expired in September 2016.

"We took advantage of this opportunity to further reduce our borrowing
costs," explains CFO Hans-Dieter Schumacher. "The banks have rewarded the
strong development of HOMAG Group AG as reflected in the constant
improvement of the results of operations since the conclusion of the former
agreement. Our plans for growth thus continue to be backed by sound
financing," concludes Schumacher.

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Background information
With its 15 specialized production companies, 22 group sales and service
companies and approximately 60 exclusive sales partners worldwide, HOMAG
Group AG's position as a complete system supplier is unique. Backed by a
workforce of some 5,400 employees worldwide, the Company sees itself as the
leading global manufacturer of plant and machinery for the woodworking and
wood materials processing industry and cabinet makers active in the
production of furniture and construction elements as well as timber frame
houses. The Group also offers its customers a wide range of services,
including software and consulting services. HOMAG Group AG shares have been
listed on the Prime Standard of the Frankfurt stock exchange since July 13,

This press release contains certain statements relating to the future.
Future-oriented statements are all those statements that do not pertain to
historical facts and events or expressions pertaining to the future such as
"believes", "estimates", "assumes", "forecasts", "intend", "may", "will",
"should" or similar expressions. Such future-oriented statements are
subject to risks and uncertainty since they relate to future events and are
based on current assumptions of the Company, which may not occur in the
future or may not occur in the anticipated form. The Company points out
that such future-oriented statements do not guarantee the future; actual
results including the financial position and the profitability of the HOMAG
Group as well as the development of economic and regulatory framework
conditions may deviate significantly (and prove unfavorable) from what is
expressly or implicitly assumed or described in these statements. Even if
the actual results of the HOMAG Group including the financial position and
profitability as well as the economic and regulatory framework conditions
should coincide with the future-oriented statements in this announcement,
it cannot be guaranteed that the same will hold true in the future.


Kai Knitter
Head of Investor Relations & Corporate Communications
Phone: +49 7443 13-2461

End of Corporate News


23.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:    English                                                
Company:     Homag Group AG                                         
             Homagstr. 3-5                                          
             72296 Schopfloch                                       
Phone:       +49 (0)7443 / 13 - 0                                   
Fax:         +49 (0)7443 / 13 - 2300                                
E-mail:      info@homag-group.com                                   
Internet:    www.homag-group.com                                    
ISIN:        DE0005297204                                           
WKN:         529720                                                 
Listed:      Regulierter Markt in Frankfurt (Prime Standard);       
             Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,  
             München, Stuttgart                                     
End of News    DGAP News-Service  
270116 23.05.2014