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Francotyp-Postalia Holding AG, the Digital Mailroom provider, has concluded a new, significantly expanded loan agreement on better terms and conditions. With effect from 24 June 2016, the new syndicate loan agreement was signed with a strong, international consortium of banks made up of Commerzbank Aktiengesellschaft, Deutsche Postbank AG, Landesbank Baden-Württemberg and UniCredit Bank AG. The agreement has a total volume of EUR 120 million and an increase option of EUR 30 million. It also has a term of five years that can be extended twice for an additional year in each case. The FP Group was supported by the consulting firm Steen Associates and law firm White & Case during the discussions and negotiations with these banks.
FP CEO Rüdiger Andreas Günther explains: “The funding agreement that has been concluded reflects FP’s strengthened position on the market. With significantly greater flexibility to take action, we now have a very good basis to drive the FP Group’s profitable growth in the years to come.”
Improved Group financing is one of the operational excellence measures in place to position the company even better for the future and move it to a higher growth path. Günther explains: “We have opportunities worldwide in the traditional franking machine business. In future, we want to grow considerably in the digital business as well. This is why we are currently honing our growth strategy and getting operational excellence measures off the ground. With this new consortium of banks, we have found excellent partners for our future development.”