Dan's Biz Bookshelf: 'Revenge of the Tipping Point'
Marcy's Musings: Engineering Economics
Punching Out: Should You Sell Your Company to a Private Equity Firm?
Cicor Strengthens Financial Flexibility with New Financing
July 4, 2017 | CicorEstimated reading time: 1 minute
Cicor signed a new syndicated loan facility on Friday 30 June 2017 with a financing framework to the amount of 75 million Swiss francs.
The financing will be used to preserve long-term financial flexibility and guarantees the Cicor Group's continuing growth. The credit, arranged by a banking consortium under the guidance of the Commerzbank AG, has a term of four years with two options for extension by an additional year each time, thus making a maximum term of six years.
With the new financing arrangement, the credit agreement of 65 million Swiss francs signed in December 2014 and due to expire at the end of 2017 is replaced early. In addition to the longer term and higher volume of the new syndicated loan, Cicor may also benefit from more advantageous conditions.
About Cicor
Cicor is a global development and manufacturing partner with innovative technology solutions in the electronics industry. With around 1,900 employees at ten production sites, Cicor produces highly-complex printed circuit boards, hybrids and 3D-MID solutions and offers complete plastic injection-molded electronics and plastics services. The Group supplies high-quality customized solutions from the design to the finished product for its international customers. The shares of Cicor Technologies Ltd. are listed on the SIX Swiss Exchange (CICN). For further information, please click here.
Share on:
Suggested Items
PCB Design Software Market Expected to Hit $9.2B by 2031
11/21/2024 | openPRThis report provides an overview of the PCB design software market, detailing key market drivers, challenges, technological advancements, regional dynamics, and future trends. With a projected compound annual growth rate (CAGR) of 13.4% from 2024 to 2031, the market is expected to grow from USD 3.9 billion in 2024 to USD 9.2 billion by 2031.
IPC Issues Clarion Call for EU to Reclaim Leadership in Electronics Manufacturing
11/21/2024 | IPCIPC released a synopsis of its recent white paper, Securing the European Union’s Electronics Ecosystem. This condensed document presents a comprehensive overview of the current challenges in Europe’s electronics manufacturing industry and shares actionable steps to help the EU achieve a stronger, more autonomous ecosystem.
IPC Celebrates National Apprenticeship Week with a Focus on Electronics Manufacturing Excellence
11/19/2024 | IPCIPC, a leading global electronics industry association and source for industry standards, training and advocacy, is proud to announce its participation in National Apprenticeship Week, scheduled for November 17-23, 2024.
IPC Introduces First Standard for In-Mold Electronics
11/18/2024 | IPCIPC announces the release of IPC-8401, Guidelines for In-Mold Electronics. IPC-8401 addresses in-mold electronics (IME) technology, providing industry consensus on guidelines for manufacturing processes, part structures, material selection, and production test methods to integrate printed electronics and components into 3D smart structures.
Disruptive Innovation and Generative AI Inventor, Kevin Surace, to Keynote IPC APEX EXPO 2025
11/15/2024 | IPCEach year, IPC APEX EXPO features industry’s most dynamic, innovative minds to deliver keynote presentations that are both educational and entertaining. IPC APEX EXPO 2025 will feature Kevin Surace, an internationally renowned futurist and generative artificial intelligence (AI) innovator.