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Francotyp-Postalia Holding AG
Prenzlauer Promenade 28
13089 Berlin
You can call us by phone at the usual business hours.
Francotyp-Postalia Holding AG
Prenzlauer Promenade 28
13089 Berlin
• Bank syndicate supports progress and further implementation of ACT growth strategy
• Expansion of financing volume to EUR 150 million at improved terms and conditions
• Early amendment and extension of the syndicated loan agreement to 2023 increases the FP Group’s financial flexibility
Berlin, 22 October 2018 – The FP Group, the expert in secure mail business and secure digital communication processes, has made an early extension, at the same time expanding the syndicated loan agreement it has had in place since 2016. Improved terms and conditions will take effect at the same time. The amendment agreement confirms and deepens the trusting and cooperative partnership between the FP Group and the bank syndicate, comprising Commerzbank Aktiengesellschaft, Landesbank Baden-Württemberg, Postbank Luxemburg – a subsidiary of DB Privat- und Firmenkundenbank AG and UniCredit Bank AG.
The amendment agreement, with its favourable terms, reflects the Group’s positive performance since 2016. FP is also making use of the favourable market environment and securing its financing for the long term.
The amendment agreement expands the finance volume to EUR 150 million (previously EUR 120 million) in conjunction with an increase option of EUR 50 million (previously EUR 30 million). The amended syndicated loan agreement has a term of five years to 2023 (previous term: 2021) and can be extended by up to two years. It now therefore covers the entire implementation period of the ACT growth strategy and gives FP greater financial scope for its implementation, including future M&A activities.
“After less than two years, we are already seeing tangible progress in the implementation of the ACT strategy. Our banks recognise this,” emphasizes FP CEO and CFO Rüdiger Andreas Günther. “Although we still have a lot to do, our syndicate has a positive view of our prospects and is supporting the consistent continuation of our growth and transformation.”
For press enquiries, please contact:
Dr Joachim Fleϊng, Head of Investor Relations
Tel.: +49 (0)30 220 660 410
Email: j.fleing@francotyp.com
Karl R. Thiel, VP of Corporate Communications
Tel.: +49 (0)30 220 660 123
Email: kr.thiel@francotyp.com
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About Francotyp-Postalia (FP)
The FP Group, a listed international company headquartered in Berlin, is an expert in secure mail business and secure digital communication processes. As the market leader in Germany and Austria, the FP Group offers products and services for efficient mail processing, consolidation of business mail and digital solutions for businesses and authorities with its product segments "Franking and Inserting", "Mail Services" and "Software". The Group generated revenue of more than EUR 200 million in 2017. Francotyp-Postalia is represented in ten countries with its own subsidiaries and in a further 40 countries via its own network of dealers. Thanks to a history spanning more than 95 years, FP has a unique DNA in the fields of actuator and sensor technology, cryptography and connectivity. It has a share of over 11% in the global market for franking systems.
You can find out more at www.fp-francotyp.com.
Francotyp-Postalia Holding AG, a listed company based in Berlin, is the holding company of the globally operating FP Group (FP). FP is an expert in solutions that make office and work life easier and more efficient. FP has the following business areas: Digital Business Solutions, Mailing, Shipping & Office Solutions and Mail Services. In the Digital Business Solutions business areas, FP optimises customers’ business processes and offers solutions such as electronic signatures, hybrid mail, input/output management for physical and digital documents and the data-driven automation of complex business processes. In the Mailing, Shipping & Office Solutions business area, FP is the world’s third-largest provider of mailing systems and market leader in Germany, Austria, Scandinavia, and Italy. FP has subsidiaries in 15 countries and is represented by its dealer network in many further countries. In the Mail Services business area, FP offers the consolidation of business mail and is among the leading providers in Germany. In 2021, FP generated revenue of more than EUR 200 million.