SW Umwelttechnik Secured Mid-Term Financing

CompaniesTechnology ♦ Published: August 1, 2011; 19:29 ♦ (Vindobona)

The Austrian technology company reached an agreement to delay bank loan repayments until 2012. € 60m were invested in plant modernizations between 2005 and 2008.

SW Umwelttechnik Secured Mid-Term Financing / Picture: © SW Umwelttechnik

SW Umwelttechnik on Monday announced that it has reached a general agreement with its financing banks. The agreement includes delaying the loan repayments until mid 2012 while retaining the current bank lines. Based on the mid-term planning that has been agreed with the financing banks, the long-term repayment conditions will be adapted to the economic climate within the next…