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EDAG Engineering Group AG: EDAG decides to prematurely waive the drawdown as well as terminate the KfW loan

·2-min read

EDAG Engineering Group AG / Key word(s): Financing
EDAG Engineering Group AG: EDAG decides to prematurely waive the drawdown as well as terminate the KfW loan

23-Jun-2021 / 14:37 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

EDAG Engineering Group AG: EDAG decides to prematurely waive the drawdown as well as terminate the KfW loan

 

Arbon, June 23, 2021. The Management of EDAG Engineering GmbH, a subsidiary of EDAG Engineering Group AG (EDAG), has decided today, to prematurely terminate the KfW loan in the amount of 60 million Euros, which has been contractually agreed in November 2020. With the premature termination of the loan, the prohibition on dividend payments also ceases to apply.

The overall market recovery and the positive effects of the performance improvement measures implemented in the previous year mean that the complementary funding of the KfW loan is no longer necessary. The company has thus overcome the economic effects of the Corona pandemic faster and better than assumed in November.


Contact:
 

Sebastian Lehmann
Head of Investor Relations 


EDAG Engineering Group AG
Schlossgasse 2 

9320 Arbon 
Switzerland 
Tel.: +41 (0)71 544 33 - 11
Fax: +41 (0)71 544 33 - 10  
ir@edag-group.ag 
ir.edag.com  

 

Contact in Germany:  


EDAG Engineering GmbH
Kreuzberger Ring 40  
65205 Wiesbaden 
Tel.:     +49-611-7375-168 
Mobile: +49-175-8020226 
Email: Sebastian.Lehmann@edag.com 
legal@edag.de
www.edag.com 

23-Jun-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

EDAG Engineering Group AG

Schlossgasse 2

9320 Arbon

Switzerland

Phone:

+41 71 54433-0

E-mail:

ir@edag-group.ag

Internet:

www.edag.com

ISIN:

CH0303692047

WKN:

A143NB

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart

EQS News ID:

1211234


 

End of Announcement

DGAP News Service

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