DGAP-Adhoc: Financing: Credit Agreement with bank consortium shall substitute bilateral credit lines

 | Source: EQS Group AG EQS Group AG 

Praktiker AG  / Key word(s): Agreement

28.01.2012 15:59

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

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Praktiker AG 
Am Tannenwald 2 
66459 Kirkel 
ISIN: DE000A0F6MD5 
WKN: A0F6MD


KIRKEL - 2012/01/28. Today, Praktiker AG reached an agreement in form of a
term sheet with a bank consortium led by Commerzbank. Existing bilateral
lines of credit will be transferred into a joint credit arrangement. The
scope of funds made available to Praktiker, a sum in the mid double-digit
million euro range, will remain unchanged. Thus, Praktiker can continue to
cover the possible risk of any financing peaks - which are typical for
the upcoming spring season - by short-term access to these overdraft
facilities.

With their commitment, the consortium banks mainly continue to maintain the
existing general conditions for a smooth handling of the operational
business but at the same time also support the company's upcoming
restructuring process.

Additionally, all commercial credit insurance providers cooperating with
Praktiker have contractually committed themselves to keeping up existing
supplier credits based on corporate needs also in the long term.


28.01.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Praktiker AG
              Am Tannenwald 2
              66459 Kirkel
              Germany
Phone:        +49 (0)6849 95-3700
Fax:          +49 (0)6849 95-3709
E-mail:       investorrelations@praktiker.de
Internet:     www.praktiker.com
ISIN:         DE000A0F6MD5
WKN:          A0F6MD
Indices:      SDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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