Rath Extends Financing to 2029, Suspends Principal Repayments and Dividends
Rath agreed with key creditors to extend financing through Dec. 31, 2029, at higher rates and with extensive collateral. Principal repayments and dividends are suspended; the transformation plan includes closing sites in Meißen and Budapest by 2028 and relocating production.
Rath Aktiengesellschaft has agreed with key creditors to amend and extend its financing until 31 Dec 2029. The revised terms include higher interest rates and extensive collateral, while principal repayments and dividend payments are suspended. As part of a transformation, the company will close its sites in Meißen and Budapest by 2028 and relocate production. Material Det…