DGAP-News: Knaus Tabbert AG
/ Key word(s): Financing/Corporate Action
Following its IPO in 2020, Knaus Tabbert AG is taking a further step towards financial flexibility and has signed a syndicated loan with its long-term partners Commerzbank AG, Raiffeisenlandesbank Oberösterreich and Norddeutsche Landesbank with a total volume of 150 million euros. This also includes an option to increase the loan by up to 30 million euros. As in previous years, Commerzbank AG is acting as syndicate leader.
An expected doubling of new registrations of recreational vehicles by 2025 and the strong market positioning of the Knaus Tabbert Group in the most important European markets enable the further implementation of a sustainable growth strategy.
"This instrument is an ideal fit for our fast-growing group. Knaus Tabbert is a leading company in the production of recreational vehicles for the European market. The financing volume of the concluded agreement allows us to face the requirements of the growth and the market of the next years in an optimal way, says Marc Hundsdorf, CFO of the Knaus Tabbert Group.
The current financing arrangement replaces the previous agreement and has a basic term of 3 years with optional extensions.
About Knaus Tabbert
Knaus Tabbert AG is a leading manufacturer of leisure vehicles in Europe with headquarters in Jandelsbrunn, Lower Bavaria. It also has locations in Mottgers and Schlüsselfeld in Germany, and in Nagyoroszi in Hungary. The company has been listed in the Prime Standard segment of the Frankfurt Stock Exchange (ISIN: DE000A2YN504) since September 2020. With its brands KNAUS, TABBERT, T@B, WEINSBERG, MORELO and its caravanning rental service RENT AND TRAVEL, the company generated revenues of nearly 800 million euros and produced more than 24,000 recreational vehicles with a workforce of approximately 3,000 in 2020.
16.12.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||Knaus Tabbert AG|
|Phone:||+49 (0)8583 / 21-1|
|Fax:||+49 (0)8583 / 21-380|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1258536|
|End of News||DGAP News Service|