(December 29, 2010) — RoodMicrotec N.V. has successfully secured mezzanine capital of € 1.994 million without repayment obligation, providing a long-term strengthening of the company’s equity position.
As part of the transaction, the company has placed pension commitments of an equivalent amount with a German pension fund. Thus, this fund has taken over the annual pension payments to pensioners of approximately € 205,000. RoodMicrotec will pay 11.7% annual interest on this mezzanine capital (equity component), or € 233,000.
"This amount of € 2.0 million is a significant improvement of our equity position, while at the same time improving our credit rating, which in turn will positively impact future debt interest rates," Philip Nijenhuis, RoodMicrotec CEO stated.
The Luxembourg-based PLENTUM-Gruppe, which supervised the placement, has been successful in financing and outsourcing pension commitments since 2008. "We are a specialized financing partner for medium-sized companies. With our financial resources, RoodMicrotec will be able in the next few years to focus on expanding its worldwide operations, and has at the same time secured consistent and long-term financing of the obligations arising from existing pension commitments," Jörg Flohr, chairman of the board of PLENTUM-Gruppe, added.
RoodMicrotec aims to grow further over the next few years, both in terms of sales and result, while ensuring healthy balance sheet ratios.
RoodMicrotec is an independent value-added microelectronics and optoelectronics service provider for failure & technology analysis, qualification & monitoring burn-in, test- & product engineering, production test (including device programming and end-of-line service), ESD/ESDFOS assessment & training, quality & reliability consulting, supply chain management and total manufacturing solutions with partners. Learn more at www.roodmicrotec.com
Read more about burn-in and wafer test here.
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