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About Commerzbank

13 February 2008 - ICBUW

In March 2007 Alliant Techsystems renewed and adapted an existing revolving credit facility with an international banking syndicate. The original five year facility was secured in March 2004 and was split into two tranches: a US$270 million five year loan and a US$300 million revolving credit. At the end of 2006 US$ 222.8 million of the loan and US$125 million of the revolving credit were outstanding. The renewed and adapted facility is also split into two tranches: a US$275 million five year loan and a US$500 million five year revolving credit. ATK can also issue letters of credit under this facility for a total amount of US$200 million. The facility was arranged by Bank of America (United States) and Commerzbank was one of 19 members of the international banking syndicate.

Commerzbank is the second-largest bank in Germany (after Deutsche Bank) and headquartered in Frankfurt am Main.

Commerzbank is mainly active in commercial banking, retail banking and mortgaging. It suffered reversals in investment banking and shuttered its Commerzbank Securities investment banking unit.

Commerzbank holds a nationwide network of branch offices throughout Germany and numerous branch offices all over the EU and Europe (namely Luxembourg, Poland, Spain and Switzerland) and with a leading market share in online banking. EuroHypo is an integral part of Commerzbank.

The bank further holds representations and holdings in major commercial and financial centres in Asia and the Americas.

http://en.wikipedia.org/wiki/Commerzbank

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