Home / Knowledge / News / Textiles / Refinancing of credit facility improves DyStar's cash flow
Refinancing of credit facility improves DyStar's cash flow
03
Aug '12
DyStar Global Holdings (Singapore) Pte Ltd has refinanced the existing credit facility that is with State Bank of India (SBI). SBI was the main bank to finance the acquisition of DyStar in 2010.

The refinancing of the credit facility reduces borrowing cost and improves cash flow to accelerate the strategic, long-term growth plans of DyStar. A further benefit of the transaction is the release of worldwide assets that were pledged as security for the SBI credit facility.

“This transaction was one of many strategic steps in the process of establishing DyStar as long-term supplier of textiles dyes, chemicals and services to the global textile market and it’s comforting to have this financial flexibility worldwide in time when many global economies are facing difficulties” says Harry Dobrowolski, CEO of Dystar.

 

 

DyStar

Must ReadView All

Textiles | On 9th Dec 2016

ACIMIT signs MoU with Pakistan textile bodies

In a bid to strengthen the trading in garments and textiles between...

Textiles | On 9th Dec 2016

‘Less demand may make it hard to achieve export target’

The $48 billion target for textiles and garment exports for 2016-17...

Textiles | On 9th Dec 2016

GST Council may decrease tax rates in future: CBEC

The goods and services tax (GST) Council might reduce the proposed...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search