European Investment Bank and Materialise to Sign Finance Contract to Support Ongoing R&D Programs
December 20 2017 - 8:30AM
Business Wire
Today, the European Investment Bank (EIB) and Materialise
(NASDAQ:MTLS) entered into a finance contract to support
Materialise’s ongoing research and development programs for growth
from 2017 to 2020. The contract provides a credit of up to EUR
35,000,000 drawable in two tranches. The first can not exceed EUR
25,000,000 and can be drawn during the first year of the contract.
The second tranche can be drawn during the second year of the
contract, subject to a specified debt ratio being met. The duration
of the loan will be between six to eight years starting from the
disbursement of the respective tranches.
Loans under the contract will be made at a fixed rate, based on
the Euribor rate at the time of the borrowing, plus a variable
margin. The margin is initially equal to 1.86% and varies in
function of certain EBITDA levels and debt ratios.
The contract contains customary securities, covenants and
undertakings.
About MaterialiseMaterialise incorporates 27 years of 3D
printing experience into a range of software solutions and 3D
printing services, which together form the backbone of the 3D
printing industry. Materialise’s open and flexible solutions enable
players in a wide variety of industries, including healthcare,
automotive, aerospace, art and design, and consumer goods, to build
innovative 3D printing applications that aim to make the world a
better and healthier place. Headquartered in Belgium, with branches
worldwide, Materialise combines the largest group of software
developers in the industry with one of the largest 3D printing
facilities in the world. For additional information, please visit:
www.materialise.com.
Twitter: @MaterialiseNVVisit: www.materialise.com
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version on businesswire.com: http://www.businesswire.com/news/home/20171220005490/en/
MaterialisePressKristof SehmkeEmail:
press@materialise.com
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