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The Francotyp-Postalia Group, a global service provider for professional mail management, has placed Group financing on a secure footing for another 3 to 5 years. Financing contracts were signed today with a consortium of banks led by Commerzbank. As a result, the credit lines with a current volume of EUR 38.9 million and USD 6.9 million that were due to expire at the end of November 2011will be terminated early and reduced by an unscheduled repayment of EUR 5 million.
The total volume of the new syndicated loan comprises EUR 30.1 million and USD 12 million. From the point of view of the Francotyp-Postalia Group, the loan offers partly better conditions than the previous credit commitment and reflects the requirements of the operating companies while ensuring greater flexibility.