EQS-News: AUSTRIACARD HOLDINGS AG COMPLETION OF €186.6 MILLION REFINANCING

EQS-News: AUSTRIACARD HOLDINGS AG / Key word(s): Financing
   AUSTRIACARD HOLDINGS AG COMPLETION OF €186.6 MILLION REFINANCING

   19.12.2023 / 18:06 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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    AUSTRIACARD HOLDINGS AG

   COMPLETION OF €186.6 MILLION REFINANCING

    

   December 19^th, 2023: AUSTRIACARD HOLDINGS AG (the “Company”),  has signed
   a €186.6 million financing agreement , comprising of a revolving credit
   facility, term loan tranches and a guarantee facility, maturing in 3 to 5
   years, with a consortium of 10 European banks led by Unicredit.  

   Part of the funds raised will be used to refinance existing credit
   facilities at various subsidiaries of the Company, while the rest will be
   used for general corporate purposes and to finance the Company’s growth. 

   This refinancing extends the debt maturity profile, while significantly
   simplifying its structure, enabling more flexibility to the Company to
   pursue its corporate strategy. 

    

    ABOUT AUSTRIACARD HOLDINGS AG

    

   AUSTRIACARD HOLDINGS AG, headquartered in Vienna, with an international
   presence and one of the leading providers of Secure Digital Technology
   Solutions in Europe.

    

   AUSTRIACARD HOLDINGS AG is the one of the leading B2B providers of smart
   cards, personalization and payment solutions, as well as secure data
   management and digitalization solutions, in Austria, Scandinavia, Central
   and Eastern Europe and South Eastern Europe, while also having significant
   market share in many other European countries and Türkiye. The Group is
   expanding fast in geographical areas outside Europe, such as the USA where
   it has established a new personalization center, and the Middle East &
   Africa where sales units have been developed that have already drawn
   significant new business. In addition, the Company has become a payment
   products and solutions partner of choice for Challenger Banks/Neo Banks, a
   growing market segment world-wide.

    

   The Company has a very strong pan-European operational footprint, reaching
   from the United Kingdom to Greece and Türkiye, with seven production
   facilities and seven personalization centers in Europe, as well as an
   additional personalization center in USA, employing currently around 2,600
   people. It also has sales offices in Norway, Czech Republic, Germany,
   Croatia, Serbia, Jordan, the UAE and a network of partners and selling
   agencies around the world. This footprint enables the provision of a high
   service level to our customers, confirmed by the very long-lasting
   business relationships. The Group’s international customer base benefits
   from a complementary product and services and solutions offering ranging
   from bill printing, direct mailing and document processing to payment,
   transit and ID cards increasingly bundled with online, mobile and
   digitalization transformation solutions.

    

   Contact person: Mr. Dimitrios Tzelepis, Executive Director, Capital
   Markets, M&A and IR
   Tel.:   +43 1 61065 - 357
   E-Mail:  d.tzelepis@austriacard.com
   Website:  www.austriacard.com
   Symbol:  ACAG
   ISIN:   AT0000A325L0
   Stock Exchanges: Vienna Prime Market, Athens Main Market

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   19.12.2023 CET/CEST This Corporate News was distributed by EQS Group AG.
   www.eqs.com

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   Language:    English
   Company:     AUSTRIACARD HOLDINGS AG
                Lamezanstraße 4-8
                1230 Vienna
                Austria
   E-mail:      ac.contact@austriacard.com
   Internet:    https://www.austriacard.com/
   ISIN:        AT0000A325L0
   WKN:         A3D5BK
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 1800501


    
   End of News EQS News Service


   1800501  19.12.2023 CET/CEST

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