EQS-News: Strong financial foundation: DOUGLAS Group reduces net debt by 1 billion euros and increases financial flexibility
In a second step, with today’s drawing of 1.3 billion euros under the new financing of in total 1.6 billion euros, the Group now redeemed the remaining existing financial indebtedness.
- In a second step, with today’s drawing of 1.3 billion euros under the new financing of in total 1.6 billion euros, the Group now redeemed the remaining existing financial indebtedness.
- “With this important step, we have established a strong financial foundation for the coming years,” said Mark Langer, CFO of the DOUGLAS Group.
- The DOUGLAS Group has further secured a revolving credit facility (RCF) of 350 million euros, of which 50 million euros had been drawn today.
- The DOUGLAS Group accelerated its growth trajectory in the recently completed second quarter of the financial year 2023/24.