Financial position

In January 2018, the term of the revolving credit facility of €1,150.0 million agreed under the SFA was extended by a year, which means the KION Group can now utilise this credit facility until February 2023. As had been the case at the end of 2017, the only outstanding liability in connection with the bridge loan taken out to fund the acquisition of Dematic (acquisition facilities agreement, AFA) was a floating-rate loan of €1,000.0 million that is due to mature in October 2021.

The KION Group has issued guarantees to the banks for all of the payment obligations under the SFA and AFA and it is the borrower in respect of all the payment obligations resulting from the promissory note. All covenants were complied with as at the end of the quarter.