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Catalis SE: Amendments to existing credit contract
LA Waalre
(pta031/30.10.2014/14:51 UTC+1)
Corporate News: Amendments to existing Credit Contract with KBC Bank
La Waalre, October 30, 2014 - Catalis SE, the worldwide service provider to the digital media and entertainment industry, today announces that the existing credit contract with KBC Bank NV has been amended according to the requirements of the group.
The existing credit contract with KBC Bank NV was structured as a term loan repayable in monthly installments with a final payment due on 31 December 2015. Following dis-cusions with KBC bank NV the credit contract of Euro 5.7m has been split into a working capital facility of Euro 3.0m and a term loan of Euro 2.7m, the latter repayable over three (3) years.
As part of the on-going strategic review of the group's activities that the board of directors is conducting the board is considering moving the group's listing from the General Standard market in Frankfurt to the Open Market in Frankfurt. This move would result in significant cost savings for the group. Further information on this proposed move will follow in due course.
For further information on Catalis SE and its wholly owned subsidiaries, Testronic Labs and Kuju, please refer to www.catalisgroup.com, www.testroniclabs.com and www.kuju.com.
For further questions please contact our Investor Relations team directly:
Catalis SE
Investor Relations Team
t: +31 (0)40-2137735
f: +31 (0)40-2940263
info@catalisgroup.com
About Catalis SE:
Catalis is a worldwide leading outsourcing provider focusing on high-end technical ser-vices relating to the creation of digital content for the film, video games and software in-dustries. Catalis offers both testing and development services. It operates through its wholly-owned subsidiaries Testronic Labs and Kuju from eight locations throughout the US, the UK, Poland, Belgium and the Netherlands.
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Emitter: |
Catalis SE Laan van Diepenvoorde 3 5582 LA Waalre Netherlands |
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Contact Person: | Peter Biewald | |
Phone: | +31 40 2135930 | |
E-Mail: | peter.biewald@catalisgroup.com | |
Website: | www.catalisgroup.com | |
ISIN(s): | NL0010447306 (Share) | |
Stock Exchange(s): | Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Munich, Stuttgart |