The dorma+kaba Group has secured a CHF 500 million five-year syndicated loan from a banking consortium led by the Zürcher Kantonalbank. The financing facility includes standard increase and renewal options. The funds will give the dorma+kaba Group further financial flexibility and allow it to refinance existing bilateral credit lines.
“With this loan, we are pleased to have achieved a further milestone for the future of the dorma+kaba Group so shortly after the merger of Dorma and Kaba on 1 September 2015”, says Bernd Brinker, CFO of the dorma + kaba Group.
The syndicated loan has been provided by a banking consortium including Commerzbank Aktiengesellschaft, Luxemburg branch, Credit Suisse AG, Deutsche Bank Luxembourg S.A., UBS Switzerland AG and Zürcher Kantonalbank.