Comet successfully completes financing transaction
Today Comet announces that it has successfully secured a CHF 60 million syndicated revolving credit facility. Together with its bilateral credit lines and bond Comet herewith further diversifies its financing sources.
“This is Comet’s inaugural committed line of credit and reinforces our strategic goal of achieving strong financial flexibility in funding our growth,” said Lisa Pataki, Chief Financial Officer. “Over the past several years of solid operating performance, our financial position and our creditworthiness have become very robust.”
The new facility has a maturity of five years with an option to increase by CHF 40 million. A syndicate of four relationship banks participated in the facility with Zürcher Kantonalbank acting as Mandated Lead Arranger.
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