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MTU Aero Engines reduces bank liabilities by 79 million euros
Munich – MTU Aero Engines has further improved its capital structure: As of today, Tuesday, February 1, the company has repaid loans in the amount of 79 million euros ahead of schedule. Bank liabilities are thus reduced to 106 million euros, while the annual gross interest load is decreased by some 4 million euros. “MTU already took important steps in this direction in the past year with two off-schedule repayments - 130 million euros in October and 70 million euros in November. With the repayment of a further 79 million euros we are systematically continuing MTU’s debt clearance,“ explained Udo Stark, president and CEO of MTU Aero Engines.