DGAP-News: Fresenius Medical Care AG&Co. KGaA: successfully upsizes and extends accounts receivable
(businesspress24) - DGAP-News: Fresenius Medical Care AG&Co. KGaA / Key word(s):
Miscellaneous
Fresenius Medical Care AG&Co. KGaA: successfully upsizes and extends
accounts receivable facility
18.08.2011 / 08:10
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Contact: Fresenius Medical Care AG&Co. KGaA
Oliver Maier Else-Kröner-Str.1
Phone: + 49 6172 609 2601 61352 Bad Homburg
Fax: + 49 6172 609 2301 Germany
www.fmc-ag.com
North America:
Terry L. Morris
Phone: + 1 800 948 2538
Fax: + 1 615 345 5605
E-mail: ir(at)fmc-ag.com August 18, 2011
Investor News
Fresenius Medical Care successfully upsizes and extends accounts receivable
facility
Bad Homburg, Germany - Fresenius Medical Care AG&Co. KGaA ('the company'
or 'Fresenius Medical Care'; Frankfurt Stock Exchange: FME / New York Stock
Exchange: FMS), the world's largest provider of dialysis products and
services, today announced the successful upsizing and extension of its
accounts receivable facility with WestLB acting as agent. The facility has
been increased from $700 million to $800 million and has been extended from
one to three years. The new facility is due July 31, 2014. Its terms, based
on commercial paper rates plus a margin, are overall more favorable for
Fresenius Medical Care than in the previous facility.
Michael Brosnan, chief financial officer of the company, commented: 'We are
pleased to have successfully expanded and extended our accounts receivable
facility with an improved and very favorable rate. We believe it
demonstrates that investors are confident in the future of Fresenius
Medical Care and that they clearly recognize our sustainable financial
strength.'
About Fresenius Medical Care
Fresenius Medical Care is the world's largest integrated provider of
products and services for individuals undergoing dialysis because of
chronic kidney failure, a condition that affects more than 2 million
individuals worldwide. Through its network of 2,838 dialysis clinics in
North America, Europe, Latin America, Asia-Pacific and Africa, Fresenius
Medical Care provides dialysis treatment to 225,909 patients around the
globe. Fresenius Medical Care is also the world's leading provider of
dialysis products such as hemodialysis machines, dialyzers and related
disposable products.
Disclaimer
This release contains forward-looking statements that are subject to
various risks and uncertainties. Actual results could differ materially
from those described in these forward-looking statements due to certain
factors, including changes in business, economic and competitive
conditions, regulatory reforms, foreign exchange rate fluctuations,
uncertainties in litigation or investigative proceedings, and the
availability of financing. These and other risks and uncertainties are
detailed in Fresenius Medical Care AG&Co. KGaA's reports filed with the
U.S. Securities and Exchange Commission. Fresenius Medical Care AG&Co.
KGaA does not undertake any responsibility to update the forward-looking
statements in this release.
End of Corporate News
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18.08.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Fresenius Medical Care AG&Co. KGaA
Else-Kröner-Straße 1
61352 Bad Homburg
Germany
Phone: +49 (0) 6172- 609 2525
Fax: +49 (0) 6172- 609 2301
E-mail: ir(at)fmc-ag.com
Internet: www.fmc-ag.de
ISIN: DE0005785802, DE0005785836,
WKN: 578580, 578583
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart; Terminbörse EUREX; NYSE
End of News DGAP News-Service
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136103 18.08.2011
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Datum: 18.08.2011 - 02:10 Uhr
Sprache: Deutsch
News-ID 463612
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