KAP AG has extended its existing syndicated loan of €113 million ahead of schedule to a total of €175 million in order to finance the Company's future organic and M&A-driven growth. Of this amount, €50 million are intended for further acquisitions, subject to the approval of the financing banks. The large-volume financing package was concluded with renowned European banks for a maximum term of six years.

KAP AG was supported by Herter & Co. as debt advisor and White & Case as legal advisor. The financing package includes an amortising loan and a revolving credit facility totalling €125 million, both of which together will be drawn down in the amount of €70 million.

A credit facility with a volume of €50 million intended for further acquisitions is subject to the approval of the syndicate of banks. Despite the current considerable global uncertainties due to the further intensifying supply chain problems and the impacts of the Russia-Ukraine war, the new syndicated loan agreement contains interest rate conditions comparable to the expiring agreement. The individual financing components have a term of four years, with two prolongation options agreed for one year each, bringing the maximum term of the loan to six years.

The loan is unsecured and its interest margin is linked to KAP AG's leverage ratio (ratio of net financial debt to normalised EBITDA of the last twelve months). With the new financing package, KAP has secured its financing for the next few years and can focus on operational issues and further growth, even in an increasingly uncertain economic environment.