Business news for the stock market
SW Umwelttechnik Stoiser & Wolschner AG: Financing agreements have been signed
Klagenfurt
(pta009/15.06.2012/11:00 UTC+2)
* The contracts with the financing banks have been finalized
* The repayment profiles have been adapted to the economic environment
* An extension of the short-term liabilities has been assured
The SW group is financed to a large extent through bank loans, which were taken out during the modernisation and expansion phase in the years between 2005 and 2008. As reported in March 2012 we had basically agreed with our financing banks on adapting our repayment schedule to the changed market environment.
We have now found an agreement with our financing banks in terms of our mid-term financing and have finalised and signed this according to schedule. The maturity of the signed contracts amounts to 3 years. This means that mid-term financing for the SW group has been secured, as the repayment profiles have been adapted to the general economic enviroment.
SW Umwelttechnik, a family firm founded in 1910 and listed on the Viennese stock exchange since 1997, stands for sustainable management and consistent growth in Eastern and South-eastern Europe. With our innovative technology to protect the environment we provide an important contribution to the development of necessary infrastructure in Central and South-eastern Europe.
(end)
Emitter: |
SW Umwelttechnik Stoiser & Wolschner AG Bahnstraße 87-93 9021 Klagenfurt Austria |
|
---|---|---|
Contact Person: | MMag. Michaela Werbitsch | |
Phone: | +43/(0)463/32109-172 | |
E-Mail: | michaela.werbitsch@sw-umwelttechnik.at | |
Website: | www.sw-umwelttechnik.com | |
ISIN(s): | AT0000808209 (Share) | |
Stock Exchange(s): | Vienna Stock Exchange (Official Trade) |