The ALSO Group completed a new €300 million ($331 million) revolving credit facility that marks the successful Europe-wide technology provider’s debut in the syndicated credit market and confirmed the banks’ confidence in the corporate strategy.

For a term of five years ALSO is therefore able to make use of the attractive current financing conditions in the market and thus gain greater flexibility for potential acquisitions and its corporate financing.

“This newly promised €300 million line of credit and the keen interest shown by the banks are a clear sign of our financial partners’ confidence in the solidity, stability and sustainability of our business model”, said Gustavo Möller-Hergt, CEO of ALSO Holding AG. “We are thereby increasing our financial leeway with regard to the Group’s strategic alignment and to further growth by means of potential acquisitions.”

The banking consortium consists of eight banks led by ALSO’s longstanding partners BNP Paribas, Deutsche Bank, Helaba and UniCredit. The RCF expands ALSO’s already diversified financing concept, which consists of bilateral credit lines, factoring, a significant operating cash flow and long-term bonded loans.