Airopack Technology Group AG: Airopack Technology Group - Further information on existing indebtedness Freitag, 01. Februar 2019 - 06:41

Airopack Technology Group AG / Key word(s): Financing
Airopack Technology Group AG: Airopack Technology Group - Further
information on existing indebtedness

01-Feb-2019 / 06:41 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

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Airopack Technology Group - Further information on existing indebtedness

Baar, 1 February 2019 - Airopack Technology Group AG ("Airopack") announced
today an update to the press release dated 16 January 2019. Airopack is
still in intensive discussions with its major lenders to find a solution
regarding the existing indebtedness and shortage of liquidity. As of 31
January 2019, no transaction could be concluded which would provide for a
comprehensive refinancing and recapitalisation of Airopack Group. In
addition, as of 31 January 2019, events of default have occurred under the
main credit facilities agreement of Airopack Group. This would give the
major lenders the right to accelerate the loans and enforce the
comprehensive security package.

An arrangement has been reached that the major lenders temporarily abstain
from enforcing their security package whilst such discussions will be
ongoing over the next few days. However, the continuing shortage of
liquidity of Airopack Group as a whole and Airopack as the listed Swiss
holding company casts doubt on the ability of Airopack Group to continue to
trade (see press release dated 16 January 2019).

Airopack will continue the discussions with its relevant stakeholders and
the Board of Directors expects to communicate further details in the near
future.

Contacts:

Airopack Technology Group AG
Antoine Kohler, Chairman

Blegistrasse 5/1 OG
CH-6340 Baar
TF: +41 41 768 50 50
www.airopackgroup.com

For investors:
Airopack Technology Group AG

Martin Eberhard
martin.eberhard@rimesa.ch
TF: +41 79 209 77 50

For media:
Tolxdorff Eicher Kollektivgesellschaft

Daniel Eicher / Theresia Tolxdorff
partners@tolxdorffeicher.ch
TF: +41 44 718 25 25

   The Company
   Airopack Technology Group AG is a leading developer and supplier of
   mechanical and pressure-controlled dispensing packaging technologies
   and systems for manufacturers and suppliers of cosmetics, body care,
   pharmaceutical and food products. The revolutionary and worldwide and
   solely by ATG patented Airopack(R) technology offers a safe,
   all-plastic pressurized dispenser that is environmentally and planet
   friendly

   Airopack Technology Group operates a Airopack Ready to Fill
   manufacturing facility in Waalwijk, The Netherlands and a Full-Service
   Filling operation in Heist-op-den-Berg Belgium (Airosolutions) as well
   as a manufacturing plant for filling equipment in Houten, The
   Netherlands (Airofiller Equipment Solutions), The Global Research and
   Development Team, the Airopack Global Management and Customer Service
   Organisation are located in Waalwijk, The Netherlands.

   The shares of the company are listed on the Swiss Reporting Standard
   of the SIX Swiss Exchange since 2010. (Ticker: AIRN / ISIN:
   CH0242606942).

   Disclaimer
   This Ad Hoc Release / Press Release may contain certain
   forward-looking statements. In some cases forward looking statements
   can be identified by the use of terms such as "believes", "enables",
   "estimates", "anticipates", "projects", "expects", "intends", "may",
   "will", "seeks" or "should" or variations thereof, or by discussions
   of strategy, plans, objectives, goals, future events or intentions. By
   their nature, forward-looking statements involve risk and uncertainty
   because they relate to future events and circumstances.

   Actual outcomes and results may differ materially from any outcomes or
   results expressed or implied by such forward-looking statements. The
   success or achievement of various results, targets and objectives is
   dependent upon a multitude of factors, many of which are beyond the
   control of Airopack. No representations are made as to the accuracy of
   such statements or that such results, targets or objectives will be
   realized.
                           www.airopackgroup.com


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End of ad hoc announcement

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