Pliezhausen, 6 March 2023. DATAGROUP SE (WKN A0JC8S) announces issuance of new promissory notes with a volume of EUR 30m. Combined with additional working capital lines of EUR 40m, the company secures financial resources amounting to EUR 70m which are planned to be used for future growth and acquisitions.
The current 2019 promissory note loans with a volume of EUR 69m and maturities of five and seven years will provide the company with attractive interest rates until March 2024 and March 2026. The new finance structure adds another promissory note loan of EUR 30m and additional working capital lines of EUR 40m to the existing one. As such, it is much more flexible and “breathes” in line with the concrete liquidity needs and interest rate movements. Furthermore, all financing partners said they were highly interested in accompanying DATAGROUP’s growth with additional funds even beyond this limit. To this end, flexible lines and loans can be made available in the short term to finance further acquisitions.
The promissory note loan has a maturity of four years and is subject to variable interest rates. They were both placed at the lower end of the interest margin. With this placement, DATAGROUP ensures a high level of planning security and financial stability. The transaction was accompanied by Landesbank Baden-Württemberg. The new working capital lines totaling EUR 40m have a term of four years.
DATAGROUP CFO Oliver Thome comments: “The new financing structure creates very flexible scope for the company’s organic growth as well as for investments and acquisitions. Thanks to our strong cash flows we will repay our liabilities in the usual manner over the next few years. We are very happy that the vast majority of the promissory notes have again been placed with our principal banks. This is evidence of the established and trusting cooperation with the banks around the company’s headquarters and an indication of trust in our company, in our growth path, and the solidity of the management.”
Anke Banaschewski
Investor Relations
anke.banaschewski@datagroup.de
09.03.2023
Annual General Meeting
03.-04.05.2023
Munich Capital Market Conference, Munich
15.-17.05.2023
Equity Forum Spring Conference, Munich
23.05.2023
Publication of Q2 and H1 Results
23.-24.05.2023
Berenberg European Conference 2023, New York
31.05.-01.06.2023
Quirin Champions Conference, Frankfurt am Main
24.08.2023
Publication of Q3 Results
13.09.2023
Zurich Capital Market Conference, Zurich