Flexible Electronics News

SMARTRAC Further Strengthens Financial Flexibility by €100 Million Term and Revolving Facilities Agreement

New €100 million term and revolving facilities agreement concluded with a syndicate of five banks matures Dec. 30, 2016

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By: DAVID SAVASTANO

Editor, Ink World Magazine

SMARTRAC N.V., the leading developer, manufacturer and supplier of RFID transponders and inlays, announced that it refinances its €65 million term and multicurrency revolving facilities agreement maturing on June 30, 2012. SMARTRAC has signed a €100 million term and revolving facilities agreement replacing the syndicated €65 million term and multi-currency revolving facilities agreement concluded in 2009 with Deutsche Bank and Berenberg Bank. The new €100 million term and revolving facilit...

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