Cicor Technologies : Successful renewal and increase of syndicated loan provides financing and liquidity security and offers room for future acquisitions
June 21, 2021 at 01:04 am EDT
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EQS Group-Ad-hoc: Cicor Technologies Ltd / Key word(s): AGMEGM
Successful renewal and increase of syndicated loan provides financing and liquidity security and offers room for future acquisitions
21-Jun-2021 / 07:01 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
Successful renegotiation of syndicated loan
Cicor is replacing the existing syndicated loan of CHF 75 million due on June 30, 2022 early and at attractive conditions and is increasing it to CHF 80 million.
The new syndicated loan has a term of four years with two one-year extension options. The renewal of the revolving credit facility provides financing and liquidity security and increases Cicor's overall strategic flexibility.
The syndicated loan was structured as a club deal. The banking syndicate comprises a core banking group consisting of Commerzbank AG as mandated arranger and agent, HSBC Trinkaus & Burkhardt AG, Landesbank Baden-Württemberg, Migros Bank AG and Zürcher Kantonalbank.
Additional optional acquisition credit facility
The new credit agreement also contains an optional acquisition credit line in the amount of CHF 75 million, which, in the event of a future acquisition, is to be used to finance the purchase price and the working capital of the company to be acquired.
Alexander Hagemann
CEO
Tel. +41 71 913 73 00
E-mail: media@cicor.com
Bronschhofen, June 21, 2021 - Cicor (SIX Swiss Exchange: CICN), a leading international technology company in the fields of printed circuit boards and hybrid circuits, printed electronics, microelectronics as well as EMS (Electronic Manufacturing Services), based in Boudry (Switzerland) signed a credit agreement on 18 June 2021 for a new revolving credit facility of CHF 80 million and for an additional optional acquisition credit facility of CHF 75 million.
Cicor Management AG
Gebenloostrasse 15
9552 Bronschhofen
Switzerland
The Cicor Group is a globally active development and manufacturing partner with innovative technology solutions for the electronics industry. With about 1900 employees at ten production sites, Cicor offers highly complex printed circuit boards, hybrid circuits and printed electronics as well as comprehensive electronic manufacturing services (EMS) including microelectronic assembly and plastic injection molding. Cicor sup-plies customized products and services from design to the finished product from one source. The shares of Cicor Technologies Ltd. are listed on the SIX Swiss Exchange (CICN). For further information please visit the website www.cicor.com.
Cicor Technologies Ltd is a Switzerland based company engaged in the electrical engineering and electronics sector. The Company operates though four divisions: Cicor Printed Circuit Boards; Cicor Microelectronics; Cicor Electronic Solutions, and Asia division. The Cicor Printed Circuit Boards (PCB) division develops and produces printed circuit boards with the usage of high density interconnects (HDIâs) and reel-to-reel technology. The Cicor Microelectronics division offers a range of microelectronic manufacturing from various thick and thin film coating technologies through micro assembly and up to delivery of tested and qualified electronic components. The Cicor Electronic Solutions division provides a range of production options for PCB assembly, system assembly, box-building and switch-box construction, cable assembly, tool making and injection molding. The Asia division focuses on the provision of the Company's technology to the Asian market.
Cicor Technologies : Successful renewal and increase of syndicated loan provides financing and liquidity security and offers room for future acquisitions
CICOR TECHNOLOGIES LTD. 
