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PRESS RELEASE: First Sensor AG: First Sensor Optimizes Financial Flexibility for Growth Strategy

DGAP-News: First Sensor AG / Key word(s): Miscellaneous First Sensor AG: First Sensor Optimizes Financial Flexibility for Growth Strategy

17.12.2013 / 17:16

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Press release

First Sensor AG Peter-Behrens-Str. 15 12459 Berlin, Germany

First Sensor's Shares: ISIN DE0007201907 ? WKN (German Securities Identification Number) 720190

First Sensor Optimizes Financial Flexibility for Growth Strategy

Berlin, December 17, 2013 - First Sensor, the leading provider of high-quality, customer-specific sensor solutions, is securing and optimizing its financial position ahead of the implementation of the planned growth strategy. On December 17, 2013, the stock company successfully placed promissory note loans totaling EUR31.0 million. The promissory note loans replace the syndicated loan of around EUR29 million, which had been in place since 2011, in full.

For First Sensor AG, the negotiations with financing partners prioritized the greatest possible business freedom and greater term security. The conversion of the existing syndicated loan into promissory note loans offers the Group an array of advantages:

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PRESS RELEASE: First Sensor AG: First Sensor Optimizes Financial Flexibility for Growth Strategy