Rieter: Term sheet on financing concluded

Rieter has successfully concluded negotiations with a group of banks for medium- and longer-term financing and signed a term sheet to this effect.

In addition to securing and expanding existing credit lines for the ongoing business, this term sheet also establishes the financial preconditions for implementing the restructuring program already announced by Rieter.

Rieter and the participating banks intend to sign a loan agreement based on this term sheet in the coming weeks.