SAP to Establish Syndicated Credit Facility

September 22, 2004 by admin

This credit facility would provide additional liquidity to SAP, but the Company does not currently intend to draw down the facility. The planned credit facility has a five-year maturity and is expected to be arranged in addition to the existing short-term credit facilities of SAP AG. “Current market conditions present an optimum environment to arrange the new facility, which provides SAP greater financial flexibility in managing its regular course of business”, said Werner Brandt, CFO and Member of the Executive Board of SAP AG. The lead banks are expected to begin bank syndication today.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s Annual Report on Form 20-F for 2003 filed with the SEC on March 23, 2004. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

Source: SAP AG

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