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First Sensor issues debt obligation in the aggregate amount of 31.0 million euros

2013-12-17

First Sensor AG successfully placed two open-market credits in an aggregate amount of 31.0 million euros. The leading provider of high-quality, customer-specific sensor solutions thereby optimizes its finance structure and refinances its debt. The proceeds of the transactions will be used to repay the syndicated loan entered into in 2011 in its entirety (appr. 29.0 million euros) and offer additional scope of actions to finance the intended growth strategy.

German institutional investors subscribed for the two open-market credits with maturities of three years (19.0
million euros) and five years (12.0 million euros), respectively. The 3-year Schuldschein has a floating interest rate calculated by adding a margin to the relevant six-months EURIBOR. The 5-year open-market credits has a fixed interest rate. The financial covenants comprise a leverage ratio (net financial debt to EBITDA), an equity-to-assets ratio and an interest coverage ratio.

The closing of the transaction is subject to the the funding of the open-market credit by the investors and to market standard conditions precedent. The transaction is scheduled to close in 2013.

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Company
First Sensor is one of the world's leading suppliers in the field of sensor systems. In the growth market of sensor systems, First Sensor develops and produces customer-specific solutions for the ever-increasing number of applications in the industrial, medical, and mobility target markets. Our goal here is to identify, meet and solve the challenges of the future with our innovative sensor solutions early on.
Investor Relations
Our investor relations activities aim at raising the international publicity of First Sensor AG and at consolidating and extending the perception of our share as an attractive growth stock. This means we keep our online communication transparent, comprehensive and continuous in order to enhance your trust in our share.
Tailored Solutions
In the growth market of sensor systems, First Sensor develops and produces customer-specific sensors, electronics, modules and complex systems for the ever-increasing number of applications in the industrial, medical, and mobility target markets. As a solution provider the company offers complete development services from a first draft and proof of concept up to the development of prototypes and finally serial production. First Sensor offers comprehensive development expertise, state-of-the-art packaging technologies and production capacities in clean rooms from ISO class 8 to 5.
Competencies
In the growth market of sensor systems, First Sensor develops and produces customer-specific sensors, electronics, modules and complex systems for the ever-increasing number of applications in the industrial, medical, and mobility target markets. As a solution provider the company offers complete development services from a first draft and proof of concept up to the development of prototypes and finally serial production. First Sensor offers comprehensive development expertise, state-of-the-art packaging technologies and production capacities in clean rooms from ISO class 8 to 5.
Career
Innovation, excellence, proximity – these are our values, our ambition, our drive. Anything less is not an option. Our sensor solutions stand for technical innovation and economic growth. As such, they form the basis for the development and application of new technologies in almost all areas of life. We aim to shape this future together with you.

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