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EQS-News: Nagarro SE
/ Key word(s): Financing
September 28, 2022 - Nagarro, a global digital engineering leader, has refinanced its existing syndicated loan facility at very attractive conditions. The new financing arrangement, which has been closed on September 27, 2022, has the following key features:
The term of the new financing arrangement is five years, which can be extended twice by one year each (5+1+1). The banking consortium comprises the same financial institutions as under the previous syndicated loan facility agreement, i.e. Landesbank Baden-Württemberg (also in its capacity as agent and ESG coordinator), Commerzbank, Landesbank Hessen-Thüringen, Norddeutsche Landesbank and Raiffeisen Bank International, each as Mandated Lead Arrangers, Bookrunners and Lenders. “By entering into this credit arrangement, we believe that Nagarro now has additional flexibility for the potential future financing needs created by our strong growth and acquisition strategy,” says Neeraj Chhibba, Managing Director and member of Nagarro’s Finance Council. “We would also like to thank the banking consortium, which through the completion of this financing has shown confidence in Nagarro’s capability and trajectory, notwithstanding the general economic outlook” says Annette Mainka, Custodian of Regulatory Compliance at Nagarro.
28.09.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS - a service of EQS Group AG. |
| Language: | English |
| Company: | Nagarro SE |
| Einsteinstraße 172 | |
| 81677 München | |
| Germany | |
| Phone: | 089 9984210 |
| Internet: | www.nagarro.com |
| ISIN: | DE000A3H2200 |
| WKN: | A3H220 |
| Indices: | SDAX, TecDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1452373 |
| End of News | EQS News Service |
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1452373 28.09.2022 CET/CEST
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