KAP AG (XTRA:IUR) is looking for acquisitions. White & Case LLP has advised KAP on the early extension of its existing syndicated loan from the previous 113 million to 125 million, with a further 50 million option. KAP plans to use the new syndicated loan, which has a maximum term of six years, to further drive the future growth of the company.

The new credit line of 125 million consists of an amortising loan and a revolving credit line, of which 70 million has already been drawn. The option of 50 million is intended for further acquisitions, which are subject to the approval of the financing banks. Commerzbank AG acted as facility agent.