Credit facility for Adval Tech of CHF 120m
Swiss Capital Group advised Adval Tech
Credit facility for Adval Tech of CHF 120m
Sector(s) : Industry and automotive
Date : June 2005
Advisor(s) : Swiss Capital
Advised : Structured Financing
Mid-Capital partner Swiss Capital Group advised Adval Tech
Adval Tech Holding Ltd concluded an agreement with a consortium of seven well-known banks headed by UBS and Credit Suisse to establish a CHF 120m, four-year revolving credit facility. This facility, issued for the first time, was substantially oversubscribed by the participating banks.
Adval Tech will utilize the facility primarily to replace existing loans. This credit line will also create a financing reserve and secure the further growth of the group. Local borrowing by Adval Tech will in principle be replaced by central group liquidity management.
Swiss Capital Group acted as sole financial adviser to Adval Tech.
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