logo
Plus   Neg
Share
Email

Heidelberger Pays Back High-yield Bond Before Maturity - Quick Facts

Heidelberger Druckmaschinen AG (HBGRF.PK) said it will pay back the remaining amount of 150 million euros on the existing high-yield bond, which has a term to maturity until 2022. The repayment on September 9, 2020 will take place by means of a publicly announced optional early redemption with a redemption value of 100 percent plus accrued interest. The payback will be funded from cash reserves and will unburden the financial result by approximately 12 million euros per year.

"The early repayment of the high-yield bond is a further milestone in improving our financing structure. We are permanently freeing ourselves from high interest payments and are becoming more financially independent and flexible," said Marcus Wassenberg, CFO of Heidelberg.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Despite the coronavirus pandemic, retailers are prepared for an early start to the holiday shopping season by offering discounts earlier so that consumers can buy and receive the gifts they want in time, the National Retail Federation or NRF said. The NRF also said it is launching a nationwide consumer education campaign called "New Holiday Traditions". Facebook (FB) has revealed new messaging features for Instagram, which will make it easier for users to stay in touch with others across Facebook's family of apps. The main change is that people using the Messenger app can now reach Instagram users, and vice versa. The users can control where they receive... Regeneron Pharmaceuticals, Inc. announced positive first data from a descriptive analysis of a seamless Phase 1/2/3 trial of its investigational antibody cocktail REGN-COV2 in COVID-19 patients. REGN-COV2 rapidly reduced viral load and associated symptoms in infected COVID-19 patients. The company said it plans rapidly to discuss results with regulatory authorities.
Follow RTT