Hirsch Servo Implements Long-Term Financing Plan

Published: September 30, 2011; 14:29 · (Vindobona)

The Austrian machine manufacturer and packaging supplier reached an extension of the terms for its long-term loans.

Hirsch Servo Implements Long-Term Financing Plan / Picture: © Hirsch Servo

The Hirsch Servo Group on Friday announced that it has reached an agreement with its financing banks on a long-term repayment plan, which calls for an extension of the terms for existing long-term loans based on economical criteria as well as the partial conversion of short-term loans into term loans. In accordance with the new plan, the remaining short-term credit lines will be…

This article includes a total of 156 words.

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