NORMA Group SE optimizes group financingMaintal, Germany, 30 September 2014 – NORMA Group SE, (“NORMA Group”) an international market and technology leader for engineered joining technology, has optimized its long-term group financing and secured a syndicated loan. The new credit line comes with significantly lower borrowing costs and a maturity of up to seven years.
NORMA Group will use the new credit line to repay existing bank loans. NORMA Group already repaid over half of its syndicated loan in January 2014. With the new financing scheme, the company will fully repay the existing loans taken out in 2011 on 30 September 2014.
“We have taken advantage of the attractive interest rate environment to make our financing more flexible and long-term,” says Dr Othmar Belker, CFO of NORMA Group. “The favorable conditions
enable us to reduce our total financing costs.”