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2009-11-25 15:30:00 CET 2009-11-25 15:31:45 CET REGULATED INFORMATION Elcoteq - Company AnnouncementElcoteq Signs New Syndicated Loan AgreementElcoteq SE Stock Exchange Release November 25, 2009 at 4.30 pm (EET) Elcoteq has signed a new agreement to replace the revolving credit facility of 230 million euros signed five years ago. At the balance sheet date of 30 September 2009, 200 million euros was in use from the facility. At the same time the company had 201 million euro cash. The new credit facility is agreed with the same bank syndicate and it is for 100 million euros. The loan will mature at the end of April, 2010 and it is designed to cover the period during which the company is expected to finalize the project to strengthen its balance sheet. Negotiations for new long-term financing will be commenced in the near future and are an integral part of the equity project. ELCOTEQ SE Minna Aila, Director, Communications and Corporate Responsibility Further information: Mikko Puolakka, CFO, tel. +41 7961 80302 About Elcoteq Elcoteq SE is a leading electronics manufacturing services (EMS) company in the communications technology field. Elcoteq's global service offering covers the entire lifecycle of products, from product development to after-market services. By further combining mechanics expertise into its service offering, Elcoteq's vision is to be a leading integrated electronics manufacturing services (IEMS) company. Elcoteq provides global end-to-end solutions consisting of product development services, supply chain management, NPI, manufacturing, and after market services for the whole lifecycle of its customers' products. These products include Consumer Electronics products such as mobile and wireless phones, their parts and accessories, set-top boxes, flat panel TVs and other consumer products as well as System Solutions products such as wireless and wireline infrastructure systems and modules, enterprise network products and other industrial segment products. The Group's consolidated net sales for 2008 totaled 3.4 billion euros and it employs approximately 13,000 persons. Elcoteq SE is listed on the Nasdaq OMX Helsinki Ltd. For more information visit the Elcoteq website at www.elcoteq.com. |
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