Industry News, Printers News

Heidelberg Optimizes Capital Structure

Takes further step to reduce interest payments.

Author Image

By: DAVID SAVASTANO

Editor, Ink World Magazine

Heidelberger Druckmaschinen AG is optimizing its financing structure. The company decided to redeem a sum of approximately €55 million from the current high-yield bond (with a coupon of 8%), which runs to 2022 and amounts to some €205 million. This sum will be repaid on July 18, 2018.   Issued in 2015, the bond was a key element in extending the financing structure’s maturity profile at that time. The repayment is being made from cash on hand and will have a positive impact on the financial re...

Continue reading this story and get 24/7 access to Ink World magazine for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters