KBA Extends Credit Lines with German Banking Pool Until End of 2015

WÜRZBURG, GERMANY—February 22, 2013—Press manufacturer Koenig & Bauer (KBA) has taken a further step to align the company in the mid-term by extending its credit lines for cash use and guarantees by three years. Credit lines granted to the Parent by its banking consortium total €100m.

“With this step we are taking advantage of the current favorable interest rate level and have provided ourselves with a solid financial backing in the volatile capital-goods industry,” says KBA CFO Dr. Axel Kaufmann. At the beginning of 2012, KBA agreed on a credit line of 100 million Swiss francs with the Credit Suisse bank for its large subsidiary in the security business. These credit lines for the next few years are crucial foundations in maintaining a solid financial position. KBA’s own comfortable liquidity from its operational business and additional credit lines over several years allows the management flexibility and opens up options for expansion and other strategic steps.