Corporate News – 04 September 2018

Aves One AG: Optimisation of the Aves financing structure secures a reduction of annual interest payments of more than EUR 1.0 million

Aves One AG (Aves), a logistics assets investor with strong growth prospects, has further optimised its financing structures. The company has succeeded in refinancing loan contracts for EUR 155 million with much improved conditions ahead of the end of their terms; the loans are used for partially financing the existing rail portfolio. The significantly reduced interest rates result in a reduction of the annual interest payments of more than EUR 1.0 million with immediate effect (not taking into account the initial one-off payment) and hence in improved future group results.

Jürgen Bauer, Management Board of Aves One AG:
“In the past, we have stated that we will significantly improve results by expanding our existing assets and by optimising our financing structure. We are implementing these objectives with this refinancing arrangement and with the recent acquisition of the NACCO portfolio. Our intention is to systematically continue with this approach also in the future.”