Passenger volumes, which double every 15 years, the need for 37,400 additional new aircraft by 2037 and the strong market position of FACC AG, will enable the company to further pursue its sustainable growth strategy, which requires stable and long-term financing. In addition to capacity-increasing measures, FACC AG's liquidity boost also opens up new possibilities for inorganic growth. Moreover, existing credit lines of short-term and bilateral nature were transformed into a standardized contract.

"This instrument is ideally suited to our fast-growing group. FACC is a leading aerospace technology group operating in a global environment. We build upon the liquidity and flexibility of this instrument to achieve our growth targets," explains Robert Machtlinger, CEO of FACC AG. "The syndicated loan provides us with many immediate benefits: It allows us to streamline our existing bilateral credit relationships and to establish long-term partnerships with our core banks. We are offered uniform terms and conditions that reflect our strongly improved credit rating. In addition, we are now able to tackle future financing operations with a solid liquidity cushion to fall back on,” adds CFO Aleš Stárek.

The current financing measure is distributed over seven banks and is scheduled to run for five years with optional extensions. Two new banks were also included in the syndicated loan, thereby further internationalizing the cooperation partners in the financial sector and making them better equipped to deal with the demands of the global aerospace market. Additional credit facilities were also integrated, including instruments from Oesterreichische Kontrollbank AG (OeKB). The negotiations proved correspondingly challenging. "Our focus was on securing a contract with maximum flexibility and transparency. The targeted and constructive cooperation between FACC, the lead banks and the lawyers involved has resulted in a perfect total package," says Florian Heindl, Head of Treasury & Risk Management.