Elma extends Private Placement of CHF 10 million prematurely
CH-Wetzikon, May 10, 2021 - Elma Electronic AG has prematurely extended the private placement, originally closed in July 2012, from a group of private investors in the amount of CHF 10 million for another period of five years. The new terms and conditions of the subordinated loan stipulate a maturity until 2027 and an interest rate of 2.0% (previously: 2.5%) as from July 2022. The other conditions (with the exception of the interest rate and the maturity) remain unchanged. The funds raised have been primarily used to repay existing bank debts.
Elma Electronic is a global manufacturer of electronic packaging products for the embedded systems market – from components, backplanes, power supply solutions, storage boards and chassis platforms to fully integrated systems. To ensure our integrated solutions are optimized to our customers’ needs, Elma partners with leading board manufacturers in the industry. Elma also provides enclosure solutions and rotary switches for demanding applications for electronic companies. The company has a broad base of proven standard products which can be tailored to individual applications: Elma offers services from the initial concept to volume production. Elma’s reliable solutions, flexibility, and design expertise are key reasons why the leading companies in the world choose Elma time and again.
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