Example of syndication

The Adval Tech Group is a leading supplier of tools, subassemblies, systems and volume components in the technology sectors of stamping and forming metal and injection moulding of plastics. It operates globally with a particular emphasis on Switzerland and Germany. In 2005, the Group generated sales of some CHF 250 million with a workforce of 1,100.

In summer 2005, the Group came to the syndication market for the very first time, appointing UBS to arrange a syndicated working capital loan of CHF 120 million. This was successfully concluded in June 2005. The current 4-year credit limit includes the former bilateral credit limits and guarantees medium-term funding of the Group’s business plan over the lending term. The banking syndicate comprises existing relationship banks as well as new ones that became part of the customer relationship.