on VT5 Acquisition AG (isin : CH1107979838)
R&S Group Secures CHF 160 Million Term Loan and CHF 30 Million Credit Facility
R&S Group Holding AG has announced the successful completion of a 5-year syndicated term loan worth CHF 160 million. This financial arrangement included ten financial institutions, led by UBS AG. The oversubscribed loan replaces a previous CHF 233 million bridge loan facility used for the acquisition of Kyte Powertech in August 2024.
In addition to the term loan, R&S Group has secured a CHF 30 million multicurrency revolving credit facility for general corporate purposes. The term loan repayment will start in 2025 with annual CHF 25 million tranches. The company forecasts a net leverage ratio below 1.8x by the end of 2024.
R&S Group operates from Switzerland, serving various markets with transformers and other components. Its recent acquisition of Kyte Powertech expands its reach in Europe.
R. H.
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