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MND renews and bolsters credit lines to finance growth   (2015/10/08 11:15 AM)

The MND Group (FR0011584549, MND), an innovative developer of mountain and urban mobility solutions, is listed on the Paris Euronext market, compartment C.

Arrangement of short-term credit lines for a total of €25 million

The Group's banking partners showed their continued confidence in the Group by confirming existing lines of credit and providing an extra €25 million in seasonal short-term facilities.

These facilities will support the Group's growth and help to finance seasonal working capital requirements during an expected busy period, given the 58% increase in the order book as at 30 June 2015.

Medium-term financing and innovation support

MND also concluded two innovation loans to fund the development of its range of new-generation detachable chairlifts and cable cars and to support the innovative "Cabline" urban cable transport project. The Group also concluded a medium-term loan as part of the industrial financing of its programme to relocate foreign plants to France.

Implementation of the second Equity Line tranche

Pursuant to the authorisation granted by the 30 July 2014 combined general meeting of shareholders, the Company's Board of Directors decided to implement the second Equity Line tranche consisting of 1,250,000 warrants for new shares out of a total of 2,500,000 warrants to be issued to Kepler Cheuvreux over a 36-month period.

Find all the information you need on www.mnd-bourse.com

About MND Group: The MND Group has been based at Sainte Hélène du Lac (Savoie), in the very heart of the French Alps, since 2004. MND is one of the few market players to have a global range of products and services dedicated to the development, equipping and protection of ski resorts, leisure areas and other mountain infrastructure. Buoyed by its industrial expertise in the mountain cable transport market and by innovative technology protected by worldwide patents, the MND Group has strong growth potential in the urban cable public transport field, where it offers an unobtrusive alternative mode of urban transport. With five manufacturing plants in Europe (France, Germany and Sweden), seven distribution subsidiaries and 30 distributors worldwide, the MND Group has 320 employees and almost 3,000 customers in 49 countries.


MND Group – Roland Didier – Tel +33 (0)4 79 65 08 90
Actus Finance – Amalia Naveira or Marie Claude Triquet - +33 (0) 4 72 18 04 90 - anaveira@actus.fr / mctriquet@actus.fr

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