Knaus Tabbert AG strengthens financial flexibility
Following its IPO in 2020, Knaus Tabbert AG is taking a further step towards financial flexibility and has signed a syndicated loan with its long‐term partners Commerzbank AG, Raiffeisenlandesbank Oberösterreich and Norddeutsche Landesbank with a total volume of 150 million euros. This also includes an option to increase the loan by up to 30 million euros. As in previous years, Commerzbank AG is acting as syndicate leader.
An expected doubling of new registrations of recreational vehicles by 2025 and the strong market positioning of the Knaus Tabbert Group in the most important European markets enable the further implementation of a sustainable growth strategy.
This requires stable and flexible financing of the working capital.
"This instrument is an ideal fit for our fast‐growing group. Knaus Tabbert is a leading company in the production of recreational vehicles for the European market. The financing volume of the concluded agreement allows us to face the requirements of the growth and the market of the next years in an optimal way, says Marc Hundsdorf, CFO of the Knaus Tabbert Group.
The current financing arrangement replaces the previous agreement and has a basic term of 3 years with optional extensions.
About the Knaus Tabbert AG
Knaus Tabbert AG, headquartered in Jandelsbrunn, is one of the leading manufacturers of leisure vehicles in Europe and looks back on a long tradition in caravanning. With its strong brands KNAUS, TABBERT, WEINSBERG, T@B, MORELO and the rental brand RENT AND TRAVEL, the company has stood for quality, innovation and freedom of travel on wheels for decades. The broad portfolio ranges from practical entry‐level vehicles to high‐quality luxury models. At four locations, the employees combine traditional craftsmanship with modern technology – for mobile travel that inspires.
Contact
Knaus Tabbert AG
Helmut‐Knaus‐Str. 1
D‐94118 Jandelsbrunn
Phone: +49 8583 21 – 300
Fax: +49 8583 21 – 550
E‐Mail: s.diehl@knaustabbert.de
