Heidelberger Druckmaschinen AG (Heidelberg) is setting the next milestone in its ongoing financial stabilization and transformation process.
The company announced today that it will pay back the remaining amount of € 150 million on the existing high-yield bond (HYB), which has a term to maturity until 2022 and a coupon of 8 % p.a., plus accrued interest before maturity, i.e. on Sep 9, 2020. The payback will be funded from cash reserves and will unburden the financial result by approx. € 12 million per year.