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FRANCOTYP-POSTALIA COMPLETES RESTRUCTURING OF GROUP FINANCING AHEAD OF SCHEDULE

Birkenwerder, 2011-02-22

The Francotyp-Postalia Group, a global service provider for professional mail management, has placed Group financing on a secure footing for another 3 to 5 years. Financing contracts were signed today with a consortium of banks led by Commerzbank. As a result, the credit lines with a current volume of EUR 38.9 million and USD 6.9 million that were due to expire at the end of November 2011will be terminated early and reduced by an unscheduled repayment of EUR 5 million.

The total volume of the new syndicated loan comprises EUR 30.1 million and USD 12 million. From the point of view of the Francotyp-Postalia Group, the loan offers partly better conditions than the previous credit commitment and reflects the requirements of the operating companies while ensuring greater flexibility. 

ABOUT FP

The stock-listed and globally operating FP Group, headquartered in Berlin, is an expert in solutions that make office and work life easier and more efficient. The FP Group has four business units: Software & Business Process Automation, Franking & Office Solutions, IoT and Mail Services. As the market leader in Germany and Austria and the world's third-largest provider of franking systems, the FP Group is a well-established player with almost 100 years of corporate history. FP is represented in ten countries by its own subsidiaries and in 40 other countries via a dealer network. The Group generated sales of around 196 million euros in 2020.


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