NANOGATE AG / Key word(s): Financing
03.11.2014 15:44
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Nanogate strengthens financial position for growth strategy
New long-term, low-interest credit line of up to EUR 20 million agreed -
Innovative form of financing managed by SaarLB at attractive conditions
Göttelborn, Germany, 3 November 2014. Nanogate AG (ISIN DE000A0JKHC9), a
leading international integrated systems provider for high-performance
surfaces, is expanding its financial scope for implementing its ongoing
growth strategy. The new credit line managed by SaarLB includes bond-like
components, but is significantly cheaper and more flexible than
conventional financing for small and medium-sized businesses. The
syndicated loan with a term of six years comprises a total volume of up to
EUR 20 million. The interest rate is fixed for the entire term at under 4
%.
With the cash inflow from a first tranche, Nanogate is replacing the
interim financing that was required in part for the acquisition of the new
subsidiary Vogler GmbH. Nanogate acquired the surface specialist in July,
announcing funding from a mix of borrowed capital and equity. The Group is
also using the syndicated loan to strengthen its liquidity for its current
growth strategy. The financing also includes a bullet loan component and
supplements the Group's existing debt capital.
Ralf Zastrau, CEO of Nanogate AG, commented: "The innovatively structured
credit line managed by SaarLB provides us with significant financial leeway
for the implementation of our Phase5 growth strategy. This greater
liquidity also secures our dynamically growing business with an order base
in the high double-digit million range. At the same time, the new credit
line offers us a great deal of flexibility with regard to drawing and
repaying the funds. With low loan-related costs and a fixed interest rate
of under 4 %, the syndicated loan also offers attractive conditions."
According to Frank Eloy, Management Board member at SaarLB: "With its
strategy oriented to innovation and growth, Nanogate AG is contributing to
the development of Saarland as a place of business, which is why we are
very happy to support this important technology company."
Nanogate on Twitter: http://twitter.com/nanogate_ag
If you have any queries, please contact:
Christian Dose (financial press and investors)
Cortent Kommunikation AG
Tel. +49 (0)69 5770 300-0
nanogate@cortent.de
Liane Stieler-Joachim
Nanogate AG
Tel. +49 (0)6825 9591 220
liane.stieler-joachim@nanogate.com
Nanogate AG
Zum Schacht 3
66287 Göttelborn, Germany
www.nanogate.com
Nanogate AG:
Nanogate is a leading international integrated systems provider for
high-performance surfaces. The Group, which is based in Göttelborn
(Saarland), enables the programming and integration of additional
properties - such as non-stick, scratchproof and anti-corrosive - into
materials and surfaces. True to its slogan 'A world of new surfaces',
Nanogate opens up the diverse possibilities of multifunctional surfaces
based on new materials for companies in a wide range of industries.
Nanogate provides its customers with technologically and optically
high-quality systems. To do so, the company uses its extensive knowledge of
innovative materials, including existing expertise in nanomaterials,
nanosurfaces and nanostructures. The aim is to improve customers' products
and processes by means of high-performance surfaces while achieving
environmental benefits. The Group focuses on the four sectors of
automotive/transport, mechanical and plant engineering, buildings/interiors
and sports/leisure, as well as on the strategic growth areas of advanced
polymers and advanced metals. Nanogate has a unique combination of
extensive materials expertise paired with comprehensive, first-class
process and production knowledge. As a systems provider, Nanogate offers
services throughout the entire value chain, from the purchase of raw
materials, to the synthesis and formulation of the material systems, right
through to the enhancement and production of the finished surfaces. The
Group focuses primarily on optically high-quality plastic and metal
coatings for all surface types (two and three-dimensional components). Its
value drivers are the opening up of new, international markets, the
development of new applications for the strategic growth areas of advanced
polymers (innovative plastics, e.g. glazing) and advanced metals
(innovative metal enhancements, especially energy efficiency) as well as
external growth. In the medium term, Nanogate also intends to achieve a
considerable revenue share from environmentally friendly systems and
processes as well as cleantech applications.
The Nanogate Group has first-class references (e.g. Airbus, Audi, August
Brötje, BMW, BSH Bosch und Siemens Hausgeräte, Daimler, FILA, Jaguar,
Junkers, Porsche, Volkswagen). Several hundred projects have already gone
into mass production. The company also has strategic partnerships with many
international corporations. Nanogate comprises Nanogate Industrial
Solutions GmbH, Eurogard B.V., Nanogate Textile & Care Systems GmbH,
Nanogate Glazing Systems B.V., Vogler GmbH and majority stakes in GfO
Gesellschaft für Oberflächentechnik AG and Plastic-Design GmbH.
Disclaimer:
This publication constitutes neither an offer to sell nor an invitation to
buy securities. The shares in Nanogate AG (the "Shares") may not be offered
or sold in the United States or to or for the account or benefit of "U.S.
persons" (as such term is defined in Regulation S under the U.S. Securities
Act of 1933, as amended (the "Securities Act")). No offer or sale of
transferable securities is being made to the public outside Germany.
03.11.2014 The DGAP 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: NANOGATE AG
Zum Schacht 3
66287 Göttelborn
Germany
Phone: +49 (0)6825/95 91 0
Fax: +49 (0)6825/95 91 852
E-mail: nanogate@cortent.de
Internet: www.nanogate.de
ISIN: DE000A0JKHC9
WKN: A0JKHC
Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart;
Frankfurt in Open Market (Entry Standard)
End of Announcement DGAP News-Service
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DGAP-News: Nanogate strengthens financial position for growth strategy
| Source: EQS Group AG