Heidelberg optimizes capital structure – further logical step to reduce interest payments
Heidelberger Druckmaschinen AG (Heidelberg) is optimizing its financing structure. The company today decided to redeem a sum of around 55 million from the current high-yield bond (with a coupon of 8 percent), 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 structures maturity profile at that time. The repayment is being made from cash on hand and will have a positive impact on the financial result from the next financial year onward.