Ad hoc announcement pursuant to Art. 53 of the SIX Swiss Exchange Listing Rules
gategroup – potential new credit financing
gategroup Holding AG and its subsidiaries (together “gategroup“) have taken note of media reports regarding a potential new credit financing by gategroup.
gategroup confirms that it is currently evaluating an ordinary new credit financing to refinance certain existing loans of the group, including a refinancing of the existing term loan A in the amount of EUR 250 million and the existing revolving credit facility in the amount of EUR 415 million, pay accrued interest and for general corporate purposes.
The parameters of the potential new credit financing are still being evaluated and no final decision has been taken whether to do such new financing and gategroup will communicate further about any material developments in this respect at the appropriate point in time.
Media and investor inquiries
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About gategroup
gategroup is the global leader in airline catering, retail-on-board and hospitality products and services. gategroup provides passengers with superior culinary and retail experiences, leveraging innovation and advanced technology solutions. Headquartered in Zurich, Switzerland, gategroup delivers operational excellence through the most extensive catering network in the aviation industry, serving passengers from over 200 operating units in over 60 countries/territories across all continents. For further information, please visit www.gategroup.com.
Forward-looking information
Matters discussed in this announcement may constitute forward-looking statements, including statements relating to the New Financing, including the intended use of proceeds therefrom. Forward-looking statements are statements that are not historical facts and may be identified by words such as “believe”, “aims”, “expect”, “anticipate”, “intends”, “estimate”, “will”, “may”, “continue”, “should” and similar expressions. The forward-looking statements in this release are subject to risks, uncertainties, contingencies and other important factors that could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. Forward-looking statements speak only as of the date they are made and cannot be relied upon as a guide to future performance. gategroup expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statement contained in this announcement whether as a result of new information, future developments or otherwise.
