Industry News, Printers News

Heidelberg Optimizes Financial Framework by Lowering Interest

Annual interest savings of nearly 6 million euros.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Heidelberger Druckmaschinen AG (Heidelberg) is improving its financing structure. The company decided to redeem a further sum of around €64.5 million from the high-yield bond (with a coupon of 9.2%), which runs to 2018 and has a current volume of around €115 million. The sum will be repaid on April 15, 2016.   Issued in 2011 with an original volume of some €300 million, the bond was a key element in using long-term capital market instruments to diversify the company’s financing and has gradual...

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