sur BayWa AG (isin : DE0005194062)
BayWa AG Secures Financing Arrangements Totalling €547 Million
BayWa AG has finalized standstill agreements with its main lending banks and secured a bridging loan agreement worth €272 million with a core group of banks. Initially valid until 30 September 2024, these agreements may be extended until the end of the year.
In a move to stabilize finances, BayWa AG’s largest shareholders, Bayerische Raiffeisen Beteiligungs-AG and Raiffeisen Agrar Invest, have provided subordinated loans amounting to €125 million, with €75 million already disbursed.
Additionally, BRB AG and DZ Bank AG have purchased BayWa AG’s stake in BRB Holding GmbH for €120 million, while RWA AG acquired BayWa’s stake in BSV Saaten GmbH for about €10 million. Further, RAIG and affiliates bought grain from BayWa for €20 million to bolster short-term liquidity.
The Board of Management anticipates receiving all outstanding funds soon, ensuring total liquidity of €547 million, sufficient for financing until at least 30 September 2024. The management expects to finalize a sustainable restructuring and new financing arrangement by that time.
R. E.
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