OHB SE (ISIN: DE0005936124, Prime Standard) has entered into a new credit facility agreement that replaces the existing agreement ahead of schedule. As part of the refinancing, the credit facility was increased from EUR 300 million to EUR 350 million; the term is five years, with two one-year extension options.
The increased credit facility and extended maturity support OHB SE’s strategic direction and continued growth.
Kurt Melching, CFO:
“With this new financing, we are securing attractive terms and expanded financial flexibility. At the same time, we were able to optimize key provisions of the agreement. The signing of this loan agreement marks a significant milestone for the OHB Group in securing its growth. We would like to extend our sincere thanks to our existing banks for their long-standing positive cooperation, as well as to the new banks in the syndicate for their trust and interest in OHB.”
The new credit facility is being provided by a consortium consisting of Bayerische Landesbank, Commerzbank Aktiengesellschaft, Deutsche Bank Luxembourg S.A., Landesbank Baden-Württemberg, Landesbank Hessen-Thüringen Girozentrale, UniCredit Bank GmbH, ING Bank (a branch of ING-DiBa AG), and Norddeutsche Landesbank – Girozentrale. OHB SE was advised on the refinancing by the financial advisory firm Herter & Co. GmbH and the law firm Taylor Wessing.