Refunding at Pankl

Businessn.a. ♦ Published: June 1, 2012; 10:23 ♦ (Vindobona)

The Austrian automotive company Pankl takes a € 20m loan in order to redeem a ULSG credit early.

Refunding at Pankl / Picture: ©

Pankl took out a 5-year loan in the amount of € 20m from a bank consortium led by Raiffeisen Bank International. In addition the consortium consists of Steiermärkische Bank und Sparkassen AG and the Raiffeisenlandesbanken Oberösterreich and Niederösterreich. The proceeds are used to fund growth and to repay the ULSG loan early.

Pankl CEO Wolfgang Plasser:…