KAP AG Secures €96 Million Refinancing Agreement

Fulda, 17 April 2026 – KAP AG has reached an agreement on a refinancing concept to extend its existing syndicated loan by three years. This new financing package totals €96.0 million, with a revised term that now extends to 30 March 2029. The refinancing terms are aligned with the current challenging market conditions, featuring an interest rate based on the Euro Interbank Offered Rate (EURIBOR) plus a 4.5% margin.

Several preconditions are attached to the loan drawdown. These include implementing the measures from the IDW S6 report, maintaining existing financing components, and appointing a Chief Restructuring Officer and a steering committee. Additionally, an M&A process is included in the agreement, targeting the sale of certain KAP assets as a special loan repayment instalment.