News 

Kaba successfully secures syndicated bank loan of CHF 575 million 

Rümlang, 7 May 2009 – Security technology group Kaba announces that it has secured a four-year syndicated bank loan of CHF 575 million. 

Kaba Group has successfully secured a four-year syndicated bank loan of CHF 575 million. This facility ensures Kaba Group's financial flexibility over the medium term and allows the company to refinance existing bilateral credit arrangements. 

"The fact that we have been able to swiftly secure these significant funds for Kaba shows two things: firstly that Kaba Group enjoys a healthy financial position with excellent prospects for the future, and secondly that Swiss banks are willing to supply successful companies with the liquidity they need," states Dr. Werner Stadelmann, CFO of Kaba Group. 

Zürcher Kantonalbank acts as agent for the loan together with Credit Suisse and UBS as additional mandated lead arrangers. The loan is provided by a syndicate of several Swiss banks. Swiss Capital Group advised Kaba on the structuring and negotiation of the facility.