DGAP-Adhoc: HANSA GROUP AG concludes an agreement to reduce the financial liabilities

Hansa Group AG  / Key word(s): Agreement/Capital Reorganisation

26.03.2014 09:41

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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HANSA GROUP AG concludes an agreement to reduce the financial liabilities

March 26, 2014 - HANSA GROUP AG today signed an agreement with its
financing banks which sets a binding frame for the operational and
financial restructuring of HANSA GROUP AG following the signing of the
announced restructuring framework-, waiver- and loan agreements with one of
its main shareholders, financing banks and central financing partners in
the past days. The agreement stipulates a reduction of the financial
liabilities owed to financing banks and central financing partners from 109
million Euros (as of September 30, 2013) to approximately 46 million Euros
by late summer 2014 which consists of a waiver of debt by the financial
creditors and the replacement of loans by one of the main shareholders.
This results in a significant reduction of financial burdens of the
remaining yearly redemption payments. The remaining obligations have a
lifetime of up to 10 years and thus allow for a long-term and stable
financial framework. Next to this debt relief it is intended to strengthen
the company's equity by way of capital increases in an amount of maximum 48
million Euros.

The agreed measures will provide HANSA GROUP with a significantly
strengthened equity base by this summer and, at the same time, reduce its
debt to a low level. Also liquidity will see a drastic improvement due to
interest and financial repayment being partially dropped and the supply of
fresh money. Thus the essential prerequisites have been set in order to
further the already successfully commenced operational adaptation effort.

The Management Board


26.03.2014 DGAP's Distribution Services include Regulatory Announcements,
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Language:     English
Company:      Hansa Group AG
              Fritz-Henkel-Str. 8
              39307 Genthin
              Germany
Phone:        +49 (0)203-73804-109
Fax:          +49 (0)203-73804-309
E-mail:       silvia.kostova@hansagroup.de
Internet:     www.hansagroup.de
ISIN:         DE0007608606
WKN:          760860
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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