SMARTRAC Further Strengthens Financial Flexibility by €100 Million Term and Revolving Facilities Agreement

SMARTRAC N.V., the leading developer, manufacturer and supplier of RFID transponders and inlays, announced that it refinances its €65 million term and multicurrency revolving facilities agreement maturing on June 30, 2012.

SMARTRAC has signed a €100 million term and revolving facilities agreement replacing the syndicated €65 million term and multi-currency revolving facilities agreement concluded in 2009 with Deutsche Bank and Berenberg Bank.

The new €100 million term and revolving facilities agreement concluded with a syndicate of five banks matures on Dec. 30, 2016.

“We are very pleased that we have strong financial partners on our side”, said Dr. Christian Fischer, CEO of SMARTRAC. “The increased amount, longer duration and further diversification of the bank syndicate is not only a sign of huge trust placed in our company and business strategy, but also provides the financial flexibility for future growth opportunities for SMARTRAC.”