Rieter

A leading global supplier for textile machinery and components used in short-staple fiber spinning

A leading global supplier for textile machinery and components used in short-staple fiber spinning

The global provider of components for all spinning processes

Yarns that follow fashion

Rieter offers attractive positions around the world

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02/17/2009 - 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.  

For further information, please contact:  

Contact for financial analysts:

Urs Leinhäuser
Chief Financial Officer
T +41 52 208 79 55
F +41 52 208 70 60
 investor@rieter.com

Contact for the media:


Peter Grädel
Corporate Communications

T +41 52 208 70 12

F +41 52 208 72 73
 media@rieter.com