gategroup increases Revolving Credit Facility

gategroup Holding AG announced today that it has signed an agreement with its core banking group to increase its existing EUR 240 million Revolving Credit Facility (“RCF”) to EUR 350 million.

Taking advantage of positive market sentiment and supported by the on-plan performance of the operating business, gategroup has increased its financial flexibility based on the terms of the existing agreement.

The enlarged RCF with a remaining tenure of over 4 years will mature in 2020.

“The increase of the RCF at favorable terms has been possible based on the solid performance of our business over the last quarters and the positive outlook towards delivering our ‘Gateway 2020’ strategy. I would like to thank our core banks who continue to support the accelerating momentum of gategroup,” said Christoph Schmitz, Chief Financial Officer of gategroup.

Overview of gategroup

gategroup is the leading independent global provider of products, services and solutions related to a passenger’s onboard experience.

Forward-Looking Statements

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