Ascom enters into a syndicated loan agreement with Swiss banks

November 20, 2020

AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR

Ascom enters into a syndicated loan agreement of CHF 60 million over four years with a Swiss bank consortium.

Ascom and a bank consortium consisting of UBS Switzerland AG (lead), Credit Suisse (Switzerland) Ltd., Zuger Kantonalbank, and Zürcher Kantonalbank signed a syndicated loan agreement for a period of four years. The syndicate banks are committed to make available to Ascom a senior revolving loan facility in an aggregate amount equal to CHF 60 million, which serves general corporate purposes of the Group. The credit facility includes customary financial covenants.

Moreover, the syndicate banks may make available to Ascom, on an uncommitted basis, additional loan facilities in an aggregate amount equal to CHF 20 million for financing specific commercial projects.

With this syndicated loan facility, Ascom will replace the existing bilateral credit facilities with two banks entered on 31 March 2020.

Attachment

Media Release

Back to list

Download

This document does not constitute an offer or solicitation to subscribe for, purchase or sell any securities. This document is not being issued in the United States of America or the United Kingdom and should not be distributed in any jurisdiction in a manner where such distribution would not comply with regulatory requirements. In particular, this document may not be distributed into the United States, to United States persons or to publications with a general circulation in the United States. In addition, the securities of Ascom have not been and will not be registered in any jurisdiction outside Switzerland. The securities of Ascom may not be offered, sold or delivered and no solicitation to purchase such securities may be made within the United States or to U.S. persons absent an applicable exemption from the registration requirements of the United States securities laws or within any other jurisdiction and in a manner where such offer, sale, delivery or solicitation might not be in compliance with regulatory requirements (including the United Kingdom).

News