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Financing: Credit Agreement with bank consortium shall substitute bilateral credit lines

Praktiker AG / Key word(s): Agreement

28.01.2012 15:59

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement.

Praktiker AG Am Tannenwald 2 66459 Kirkel ISIN: DE000A0F6MD5 WKN: A0F6MD

KIRKEL - 2012/01/28. Today, Praktiker AG reached an agreement in form of a term sheet with a bank consortium led by Commerzbank. Existing bilateral lines of credit will be transferred into a joint credit arrangement. The scope of funds made available to Praktiker, a sum in the mid double-digit million euro range, will remain unchanged. Thus, Praktiker can continue to cover the possible risk of any financing peaks - which are typical for the upcoming spring season - by short-term access to these overdraft facilities.

With their commitment, the consortium banks mainly continue to maintain the existing general conditions for a smooth handling of the operational business but at the same time also support the company's upcoming restructuring process.

Additionally, all commercial credit insurance providers cooperating with Praktiker have contractually committed themselves to keeping up existing supplier credits based on corporate needs also in the long term.

28.01.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

Language: English Company: Praktiker AG Am Tannenwald 2 66459 Kirkel Germany Phone: +49 (0)6849 95-3700 Fax: +49 (0)6849 95-3709 E-mail: investorrelations@praktiker.de Internet: www.praktiker.com ISIN: DE000A0F6MD5 WKN: A0F6MD Indices: SDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service

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