HeidelbergCement proposes debt refinancing (Dealscape

HeidelbergCement AG has presented its banks with a comprehensive refinancing plan, as the German building materials company tries to restructure its €12 billion ($16 billion) net debt.

In a statement issued Thursday, the group described its proposal and reported first-quarter results. "The company is proposing consolidation of existing loans for acquisition financing and other credit lines under a new borrowing facility, and adjustment of loan covenants to bring them into line with prevailing market conditions," the statement said.

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NOT A SUBSCRIBER? HeidelbergCement proposes debt refinancing Posted on May 8, 2009 7:55 AM HeidelbergCement AG has presented its banks with a comprehensive refinancing plan, as the German building materials company tries to restructure its €12 billion ($16 billion) net debt. In a statement issued Thursday, the group described its proposal and reported first-quarter results. "The company is proposing consolidation of existing loans for acquisition financing and other credit lines under a new borrowing facility, and adjustment of loan covenants to bring them into line with prevailing market conditions," the statement said. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 127 company pages related to Germany 55 company pages related to Cement 30 articles related to HeidelbergCement AG 11 in-depth reports of PE deals in the Manufacturing sector 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Skadden Arps Pinnacle Foods Concho Resources Agrium Inc. Birds Eye Cantor Fitzgerald Credit Suisse Windstream Corp. Goldman Sachs		EXISTING USERS Username Password Forget your password? Missing a product?

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