New Credit Facility
23 Februar 2007 - 8:02AM
UK Regulatory
RNS Number:7322R
BKN International AG
23 February 2007
Press Release 23 February 2007
BKN International AG
("BKN" or "the Company")
BKN International AG: New Credit Facility
BKN International AG announced today that has it secured a Euro12 million credit
facility with HSBC Dusseldorf. The facility, based on a Moody's Baa1 Rating, is
for seven years and carries no security or covenants.
The interest rate is fixed for the term at 8.25% with a potential reduction to
7.75%.
The company plans on using these funds to enlarge the business and continue its
expansion and growth.
-Ends-
Enquiries:
BKN International AG
Allen Bohbot, Chief Executive Officer Tel: +44 (0)20 7269 8683
allen.bohbot@bknkids.com
Wayne Mowat, Chief Financial Officer Tel: +44 (0)20 7269 8687
wayne.mowat@bknkids.com
Sascha Ziemann, Finance Manager Tel: +49 221 5540 5190
sascha.ziemann@bknkids.com
Hanson Westhouse Limited Nominated Adviser & UK Broker
Richard Baty Tel: +44(0)20 7601 6100
Ed Burbidge
Seydler AG in Germany Designated Sponsor
Henriette Domhardt Tel: +49 69 92054 130
Henriette.Domhardt@cbseydler.com
About BKN:
BKN International AG is a global animation company engaged in the distribution
and marketing of animated children's television programmes and the marketing of
related consumer products (licensing and merchandising) in all forms. BKN has
worked on numerous successful animation projects.
The Company is currently listed on the Deutsche Bourse and AIM and it operates
all over the world. BKN has successfully negotiated distribution deals in over
95 countries and territories in the children's programming market.
The Company's Film Library includes:
- Legend of the Dragon
- Kong - The Animated Series
- Kong - King of Atlantis
- Kong - Return to the Jungle
- A Christmas Carol - Scrooge's Ghostly Tale
- Robin Hood - Quest for the King
- Jungle Book - Rikki-Tikki-Tavi to the Rescue
- Zorro: Generation Z
- Roswell Conspiracies
- Dork Hunters from Outer Space
This information is provided by RNS
The company news service from the London Stock Exchange
END
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